Uniswap price prediction: UNI eyes $3.58 as Robinhood Chain fuels optimism

Uniswap token has extended its recovery over the past month, with technical indicators pointing to improving momentum as fresh ecosystem developments continue to attract attention.

The token was trading around $3.38 at the time of writing after gaining 3.3% over the previous 24 hours, while its weekly and monthly gains stood at 16.4% and 34.1%.

The latest rally comes as trading activity on Uniswap expands beyond Ethereum.

Robinhood Chain, the blockchain unveiled by Robinhood Markets, has emerged as one of the busiest networks for Uniswap trading, providing another catalyst for the decentralised exchange ecosystem.

With UNI holding above an important support zone, focus is now on whether the token can clear its next resistance level and extend the current uptrend toward $3.58.

Robinhood Chain strengthens Uniswap activity

One of the biggest developments for the Uniswap ecosystem has been the rapid growth of Robinhood Chain.

Within roughly a week of its launch, Robinhood Chain climbed to become the second-largest Uniswap deployment by 24-hour trading volume, trailing only Ethereum while overtaking Base.

Daily trading volume on the network reached approximately $500 million (approx. Rs 139.8 billion), highlighting strong early adoption.

The network has also recorded more than $78 million (approx. Rs 21.8 billion) in total value locked (TVL) and nearly 200,000 cumulative addresses during its first week.

A significant contributor to that growth was Ethena, which deposited $50 million (approx. Rs 14 billion) into a Morpho vault managed by Steakhouse Financial.

That transaction helped drive a sharp increase in the network's TVL over a 24-hour period.

Robinhood Chain launched with multiple versions of Uniswap available from day one, including Uniswap v2, v3, v4 and UniswapX.

Activity on the network has been supported by trading in wrapped Ether (WETH), memecoins and tokenized stocks linked to companies such as Nvidia, Apple and Alphabet.

These developments have increased attention on the broader Uniswap ecosystem at a time when decentralised finance continues to compete for liquidity across multiple blockchain networks.

UNI price faces a key breakout level

The technical picture remains constructive despite UNI approaching an important resistance area.

The majority of technical indicators are bullish on Uniswap (UNI).

Although momentum oscillators still lean slightly bearish, trend-following indicators continue to paint a stronger picture.

UNI remains above its 10-day, 20-day, 50-day and 100-day exponential moving averages (EMAs), producing a bullish alignment across the short and medium time frames.

The token, however, continues to trade below its 200-day exponential moving average, showing that the longer-term trend has yet to fully reverse.

The 14-day Relative Strength Index (RSI) stands at 66.35, placing UNI in the neutral zone.

While the RSI reading is approaching the traditional overbought threshold of 70, it does not yet indicate that buyers have exhausted their momentum.

Notably, UNI is currently trading around the $3.36 support level, an area that traders are watching closely.

Holding above this level would keep the recent bullish structure intact.

The first major resistance sits at $3.44. A confirmed close above that level would shift attention to the next upside target at $3.58.

On the other hand, losing the $3.36 support could expose the token to a decline toward the next support level at $3.28.

Recent security concerns cloud the Uniswap outlook

Recent headlines surrounding Uniswap have also drawn attention to wallet security, although they have not been linked to a weakness in the protocol itself.

A recent incident involving losses of around $1 million (approx. Rs 279.6 million) was traced to a phishing attack that exploited Permit2 approvals.

Instead of compromising Uniswap's smart contracts, attackers reportedly tricked a user into signing a malicious approval that allowed unauthorised token transfers.

The case follows another reported phishing incident involving losses of about $196,000, underscoring the growing risks associated with fraudulent approval requests rather than vulnerabilities within the decentralised exchange.

For now, UNI's short-term projection will likely depend on whether the token can defend the $3.36 support and generate enough momentum to push the token above $3.44.

A successful breakout would place $3.58 into focus as the next technical target while continued ecosystem expansion through Robinhood Chain provides a notable backdrop for recent market optimism.