Uniswap Price News: Swap Volumes Explode in 2025 – Can UNI Rise Above $10?

Uniswap (UNI) has gone up by nearly 20% in the past 24 hours after the decentralized exchange (DEX) reported that its swap volumes have already crossed last year’s mark in just 7 months.

Data from Dune Analytics indicated that the protocol has settled nearly 641 million swaps so far this year compared to 671 million in 2024.

This shows both increased usage of Uniswap’s platform and the positive impact that the latest Ethereum upgrade has had on trading volumes across decentralized exchanges (DEXs).

Swap Volume on Uniswap per Year – Source: Uniswap Labs

Uniswap is the 11th-largest decentralized app in the Ethereum ecosystem with a total value locked (TVL) of $3.9 billion. It is also the second largest DEX in the crypto world with 30-day trading volumes exceeding $80 billion at the time of writing.

Apart from Ethereum, the protocol supports swaps across 36 other chains and is one of the most liquid and affordable trading platforms in the crypto market, charging 0.3% per swap.

Recently, the project launched Unichain, a layer-two side chain that offers near-instant transaction execution with 1-second block times. Thus far, the L2 has successfully executed 147 million TXs and has a total of 6.3 million connected wallets.

UNI Retreats After Breaking Above $10

Trading volumes for UNI have more than doubled in the past 24 hours after the protocol revealed this positive performance.

The price has tagged a key area of resistance at $10 that could act as a psychological barrier for the market.

UNI/USD Daily Chart (Coinbase) – Source: TradingView

Looking at the daily chart we can see how relevant this area is as selling pressure increased significantly once the price hit that threshold.

There is also confluence between the token’s upper trendline and a key area of resistance that adds even more relevance to this price zone.

The price action during the weekend will determine what could happen to UNI next. A rejection of a move above this area could push UNI to the 9-day EMA at around $9 per token. There is also confluence at this level with a former horizontal resistance, which favors its relevance from a technical standpoint.

This retreat would be consistent with normal bull market activity as the price needs to raise much more liquidity for its next leg up.

However, the 9-day and 21-day EMAs have made a ‘golden cross’ with the long-term EMA just days ago. This is a powerful buy signal that favors a positive mid-term outlook for UNI.

Meanwhile, the Relative Strength Index (RSI) has entered overbought territory, meaning that the trend’s strength is high.

Key Levels to Watch During the Week for Uniswap

Looking at the hourly chart, it is evident that selling pressure at this level has been strong. However, the uptrend was so strong that it left behind a fair value gap that could act as support for what is probably a much-needed pullback.

UNI/USD Hourly Chart (Coinbase) – Source: TradingView

Hence, the expected move at this point would be a retrace to the FVG, which sits between $9.7 and $9.3 and an explosive move afterwards that results in a bullish breakout of the $10 level.

In this lower time frame, momentum indicators favor a bearish outlook. The 9-hour EMA is on a downtrend and seems poised to make a bearish crossover below the 21-hour EMA.

Once the price gets to the FVG, it could probably hit the 200-hour EMA as well, which would increase this area’s relevance from a technical perspective.

In summary, we could expect a drop to $9 during the weekend and a subsequent bounce above the $10 level in the next few days if liquidity at these levels is strong enough.