Uniswap Sees Bullish Momentum with Record-Breaking V4 Earnings and Price Targets

Uniswap (UNI) has shown renewed bullish momentum as buyers defend support and growing V4 activity strengthens the ecosystem. According to BullifyX, UNI's price structure and TVL growth point to a bullish reversal ahead. The token is currently trading at $5.32 with a 24-hour trading volume of $635.3 million and a market capitalization of $3.31 billion.

The next important barrier for UNI is placed at the $6.41 level, which will determine whether the token's rally turns out to be more than a mere bounce. If UNI breaks through this level, it would boost the bulls' confidence, making the next important target $11.65 and ultimately $18.98.

The growth of Uniswap V4 has been impressive, with a record $17.1 million in weekly earnings according to MSB Intel. This indicates increased trading on its multichain system, with Robinhood Chain generating $12 million, Ethereum with $1.9 million, and Base with $1.7 million.