Uniswap (UNI) eyes $4.70 target amid record V4 fee revenues

Uniswap (UNI) is exhibiting signs of a potential bullish reversal as the token defends support levels between $4.25 and $4.30. Analysts have identified a possible double-bottom pattern on short-term charts, suggesting that a breakout above the $4.45 resistance level could target a price of $4.70. Conversely, a failure to maintain the $4.25 support level would invalidate this bullish setup.

This price action coincides with record-breaking performance for Uniswap V4. The protocol recently achieved its highest weekly fee revenue to date, totaling approximately $15.2 million. Data indicates that Robinhood Chain was the largest contributor to these fees, accounting for $6.7 million, followed by Ethereum with $3.4 million and BSC with $2.4 million. The surge in revenue highlights growing trading demand across the protocol’s multichain ecosystem.