Uniswap (UNI) Price Eyes $10 as Momentum Builds

Uniswap UNI $5.36 24h volatility: 0.6% Market cap: $3.22 B Vol. 24h: $165.66 M , the governance token of the largest decentralized exchange, has gained nearly 50% in just a few days.

The governance token of the largest decentralized exchange, , has surged nearly 50% in just a few days.

After dipping to a yearly low of $4.70 on May 8, UNI is now trading at around $7.26, up 3% over the past day.

This surge comes as Uniswap becomes the first DEX to cross $3 trillion in cumulative trading volume.

Unisaw is the first DEX to $3T volume 🦄

Bet its the first to 10

Grateful to everyone who swapped along the way as we decentralize the global finance system 🌐 pic.twitter.com/945Ab0Jpsl— Hayden Adams 🦄 (@haydenzadams) May 12, 2025According to crypto analytics firm Dune Analytics, Uniswap currently processes around $3.3 billion in daily trading volume, rendering it the largest DEX with a 23% share of the decentralized exchange market.

While its total value locked (TVL) stands at $4.97 billion, still considerably lower than its 2021 peak, it showcases the renewed confidence in decentralized finance (DeFi) as a sector.

Meanwhile, Uniswap has announced support for Ethereum’s new EIP-7702 standard, aiming to simplify the user experience. Founder Hayden Adams confirmed that the protocol is introducing its own EIP-7702-enabled wallet and striving for “one-click swaps” across the platform.

we're rolling out our own 7702 wallet and supporting other 7702 wallets through EIP 5792

with the goal being 1 click swapping for all users— Hayden Adams 🦄 (@haydenzadams) May 12, 2025This upgrade, part of Ethereum’s recent Pectra release, permits smart contract wallets to function like traditional EOAs (externally owned accounts), potentially enhancing mainstream usability.

UNI Price Eyes $10 as Momentum Builds

Breaking out of a prolonged downtrend, UNI is approaching a strong resistance at $7.4. Popular crypto trader “Crypto Dream” noted on X that Uniswap’s recent 50% gain could be an early signal of altseason.

#UNI +50% from the bottom and growing further! They may not let you buy lower, so the #altseason begins! The first important goal is $10 $UNI pic.twitter.com/hUbbTZzATy— Crypto Dream (@_Crypto_Dream) May 10, 2025

He suggested that traders may not get another chance to buy at lower levels. On the daily UNI price chart, the RSI currently sits at 67, suggesting bullish momentum. A sustained move above this level could lead the token to $10, a psychological resistance and previous support from late 2023.

UNI price chart with RSI and Bollinger Bands | Source: TradingView

Meanwhile, Bollinger Bands have widened significantly following the breakout, indicating strong price expansion. The price is holding above the midline of the bands (20-day SMA), typically a bullish sign.

The MACD has flipped into positive territory, with the MACD line clearly crossing above the signal line. However, a brief consolidation near $7 suggests the market may pause before another leg higher.

UNI price chart with MACD | Source: TradingView

It is interesting to note that despite its current rally, UNI is still down over 84% from its all-time high of $45 in May 2021.