Uniswap (UNI) announced its deployment v2, v3, v4and UniswapX on Robinhood Chain. This is a Layer 2 created by Robinhood Crypto, with Uniswap serving as the automated market maker (AMM).
The launch is aimed at programmatic, automated and AI-driven ecosystems. This news helped increase UNI token prices 14.2% Daily trading volume increased in the last 24 hours 81%.
The broader crypto market, 2.3% The recovery over the last 24 hours has helped strengthen short-term UNI sentiment. How much higher can this rise go?
Pessimistic long term view
on 1 week chartimportance $4 It has been clearly stated that there is support. This level was defended from June 2022 to January 2026.
Since then, the DEX’s governance token price has fallen below this support and tested resistance twice as much. Latest Uniswap price dropped to lowest level $2,316The index, conducted at the beginning of June, highlighted the long-term downward trend.
A series of Fibonacci retracement levels were drawn using this downward move. The current bounce was operating within a bearish swing structure. Although the RSI managed to break above the neutral level 50OBV failed to approach mid-June highs.
This indicates short-term bullish momentum but a lack of sustained buying pressure amid the long-term bear trend.
Investors’ call to action – Sell the return
The liquidation map showed the accumulation of greater cumulative short liquidation leverage. $3.52. With several clusters of highly leveraged short positions, the price 3.5 dollars Based on the chart above, it looks more likely in the short term.
If Bitcoin (BTC) Even though a rapid sale is not seen in the coming days, there is a possibility that UNI will rise 3.5 dollars.
Investors can use this bounce to sell the token. 78.6% withdrawal level $3.77 cannot be ignored. In general, swing traders can maintain a bearish trend so far: $4.17 The high swing broke.
Final Summary
- The Robinhood-Uniswap collaboration announcement made room for the UNI rally, as well as a wave of respite in the broader crypto market.
- The long-term Uniswap price trend has been severely bearish, and the current uptrend is only a minor movement within this downtrend.
