Uniswap (UNI) token eyes $5 resistance as TVL and user base surge

Uniswap’s UNI token is trading around $3.53 with a 24‑hour volume of $165 million and a market cap of $2.21 billion. Technical analysis highlights current support near $3.20‑$3.50 and a key resistance level at $5.034, with further upside targets of $7.24, $8.93 and $11.88 if a breakout occurs.

On the Robinhood Chain, Uniswap’s total value locked has risen to roughly $60 million, more than doubling in a week, while monthly active users have climbed to about 880,000, approaching the one‑million mark. Analysts note that the token is back in a multi‑year accumulation zone, suggesting strong institutional demand and a long‑term bullish bias, with potential price objectives at $8.10, $12.27 and $15.67.

The combined growth in liquidity and user activity is seen as a sign of expanding ecosystem adoption, though price momentum remains contingent on buying pressure and confirmation of higher highs.