Uniswap (UNI) price is up 8.28% over the past day. At writing, it sits at $6.87. Trading volume has jumped nearly 193%. This comes after some big news in the Uniswap community.
The price is climbing because the community just approved $165.5 million in funding. This money will go toward developing Unichain, Uniswap v4, and improving liquidity.
This funding will help Uniswap grow faster. The money will be used for grants, operations, and incentives for liquidity providers. The Uniswap Foundation will manage partnerships and decide how to distribute the funds.
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One exciting possibility is the activation of the “fee switch.” If turned on, this would let UNI holders earn a share of the protocol’s revenue. Market participants view this as a possible turning point for the token’s utility and long-term value.
The #uniswap community just approved two major proposals, including the long-awaited fee switch activation!
— 𝗥𝗜K 𓄀 (@Rittick24) March 20, 2025
Plus, the $Uni Foundation secures $165.5M to fuel ecosystem growth after Uniswap v4 & Unichain went live.🔥#crypto #DeFi #blockchainhttps://t.co/f4gkg39sN2
What you'll learn 👉
Technical Analysis: Uniswap Breaks Falling Wedge Pattern
Prominent analyst World Of Charts highlighted a falling wedge breakout on X, signaling a potential recovery in UNI’s price. The chart suggests that Uniswap has exited a prolonged downtrend and may be poised for further gains. The price was dropping for a while but found support between $5.50 and $6.00.
Around $7.00, the price broke through and started heading up instead of down. If things keep going well, we might see it hit $9.00-$10.00 next, and possibly even $12.00-$14.00 if momentum continues.
Based on typical moves from this pattern, traders are expecting a 60-70% increase from where the breakout happened. However, price action around $7.00 remains critical. A successful retest and hold above this level could confirm further upside potential.
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UNI Market Sentiment and Future Outlook
Uniswap’s recent updates, combined with this technical breakout, suggest the token could keep climbing. Good governance decisions and new liquidity incentives, along with the promising chart pattern, have more people paying attention to it.
Traders are monitoring UNI’s ability to sustain its breakout and whether the “fee switch” proposal gains further traction. While the token faces resistance at higher levels, current momentum suggests that Uniswap price could see further gains if demand remains strong.
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