Uniswap price is above a crucial support level, because the monthly reimbursements and volume have risen to the highest level since February.
UNISWAP (UNI), the largest decentralized stock market, traded on Monday at $ 6.50, just above his year $ 4.92.
According to Defi Lama, UNISWAP processed more than $ 73 billion in transactions this month, an increase of $ 53.2 billion in April. It marked the largest monthly increase since February, when the protocol treated $ 78 billion.
Most of the volume of Uniswap happened on the Ethereum (ETH) chain, followed by Arbitrum, Unichain and Basis. Unichain, who launched Uniswap earlier this year, has already processed $ 14 billion In volume, much higher than cardanos (ADA) $ 4.9 billion.
Unichain has already crossed $10B in volume this month on the Uniswap Protocol
All-time high for the pink chain ✨ pic.twitter.com/5jvnC2BmRa
— Uniswap Labs 🦄 (@Uniswap) May 24, 2025
The income from Uniswap has also risen this year. Token general data Shows that the protocol has generated more than $ 380 million in income this year, which exceeds $ 275 million from Ethereum.
Despite these strong basic principles, the price of UNI 65% remains below the High of December. A reason for this underperformance is increasing competition in the decentralized exchange room. Protocols such as pancake wap and raydium have recorded the market share, whereby pancakes only process almost $ 100 billion in volume this month.
Another headwind for Uni is whale distribution. According to santiment, the supply of uni whales has fallen to 748 million tokens, at a peak of 850 million in December. This type of sale is often interpreted as a bearish signal.
Uniswap price technical analysis
The weekly graph shows that Uniswap was traded on Monday at $ 6.50, an increase in its low of $ 4,6175. This layer coincided with a rising trendline that connects important support levels that go back to June 2022.
It has formed a huge megaphone pattern, which is characterized by a rising and different trend lines, and is a very bullish pattern.
If a breakout takes place, Uni could collect at the peak of last November $ 19.24, which represents an increase of almost 200% compared to current levels. However, a drop below the lower limit of the megaphone pattern would invalidate the bullish setup and further suggest.
