Uniswap (UNI) shows bullish momentum amid record fee generation

Uniswap (UNI) has demonstrated a bullish price structure, reclaiming key range levels and forming higher lows. The token recently experienced a rally, trading around $4.57 to $4.59 following a 24-hour gain of approximately 8.44%. Analysts note that a successful breakout above the $4.80 resistance level could confirm a bottoming pattern that has been developing for seven months, with potential targets reaching $5.11 and $5.97.

On the protocol side, Uniswap V4 recorded its strongest weekly fee generation since its launch, totaling nearly $16.6 million. Significant fee contributions came from Robinhood Chain, which generated $8.3 million, and Ethereum, which contributed $2.8 million.

Market data indicates strong spot demand, supported by rising Spot CVD and whale accumulation. While the price recently faced rejection near $4.84, the clearing of short liquidations near the $5 level has been noted by traders. Investors are monitoring whether the current momentum can sustain the uptrend or if a consolidation phase will follow.