Uniswap Price Surges 57%, Hits $7.00 Amid Macro Downtrend

Uniswap's price has surged by 57% after successfully retesting support near $4.15, according to Bitget. This move has brought attention to UNI's technical position and network activity.

The token now trades near $7.00, having reached an intraday high above $7.40. Uniswap V4 leads the way in tokenized stock DeFi venues with $59.1 million in deposited assets.

Rekt Capital notes that UNI's retest near $4.15 triggered the rally, and buyers have been recovering the level since a volatile late-August test.

The Uniswap price now sits near a macro downtrend that has limited earlier advances. A weekly close beyond this trendline would strengthen the setup, while a return below the $6.21 intraday low could weaken short-term momentum.