After Bleeding Profusely YTD, Uniswap (UNI) Pumps Over 12%

After bleeding profusely YTD, Uniswap (UNI) has experienced a relief rally in the past three weeks. The mid-cap altcoin, with a fully diluted valuation

Mid-cap altcoin Uniswap (UNI) experienced a mild recovery on Friday, April 25, during the mid-North American trading session. The largest decentralized exchange (DEX) on the Ethereum network, Uniswap is well-known for its high correlation with ETH price action.

As the cryptocurrency market continues to bleed, mid-cap altcoins have also experienced significant losses in the past few months. However, some altcoins are showing signs of life as they break out of falling patterns and technical indicators suggest further gains.

Among the mid-cap altcoins that are showing signs of recovery is Uniswap (UNI). The mid-cap altcoin, which has a fully diluted valuation of about $5.8 billion and a 24-hour average trading volume of around $232 million, has risen over 12 percent in the past 7 days to trade about $5.87 during the mid-North American trading session.

The mild recovery of the UNI price, in the past few days, was partially attributed to the rising Futures Open Interest (OI). According to the latest market data from Coinglass, at the time of this writing, UNI’s OI had surged by around 9 percent in the last 24 hours to hover about $247 million.

UNI Price Analysis

The largest DEX based on the Ethereum network, UNI price has recorded a high correlation with ETH in the past. Following Ether’s pump above $1.8k in the past few days, UNI price broke out of a falling wedge pattern.

In the daily timeframe, UNI price has so far consistently closed above the falling logarithmic trend, which was established YTD, in the past five days. The daily Relative Strength Index (RSI) has jumped above the 50 level for the first time in 2025.

Additionally, the daily MACD line is almost crossing the zero line for the first time this year, amid the growing positive histogram bars. In case Ether’s price rallies towards $2k in the coming days, UNI’s price is well positioned to surge over 100 percent.

Nevertheless, having a stop loss of around $4.95 is prudent in case the crypto-bullish sentiment is invalidated.

Fundamental Outlook for Uniswap

According to market data from Intotheblock, UNI has recorded a $304 million surge in large transaction volume in the past seven days. With only 22 percent of all UNI holders in profit, the altcoin is well-positioned to rally further in the coming months.

Moreover, the Uniswap protocol has significantly benefited from the pro-crypto stance of the Donald Trump administration. As Coinpedia reported, Uniswap is no longer under the U.S. SEC’s radar after the agency dropped the investigations earlier this year.

As a result, Uniswap’s TVL has grown to over $3.8 billion and more than $1.67 billion in 24-hour trading volume.