Uniswap Price Eyes $4.70 Target as Double-Bottom Pattern Signals Breakout

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Uniswap Price Eyes $4.70 Target as Double-Bottom Pattern Signals Breakout
Cover illustration/art via BTCRead. Image combines content, which may include AI-generated ideas.

Uniswap (UNI) is signaling a potential bullish setup as buyers defend key support, while a breakout above resistance could strengthen upward momentum. At the same time, Uniswap V4 has recorded its strongest weekly fee performance, with activity spread across several supported networks.

As of now, according to CoinMarketCap data, UNI is trading at $4.27, down 2.48% over the past 24 hours, while the token has gained 28.75% over the past week.

Source: CoinMarketCap

UNI Double-Bottom Pattern Signals Potential Move Toward $4.70

According to a prominent crypto analyst, Crypto With Gopal, UNI is showing a potential double-bottom pattern on the 15-minute chart, with price holding the $4.25–$4.30 support zone. Buyers have defended the second low, suggesting that selling pressure may be weakening around this key area.

Source: Crypto With Gopal’s X Post

The next important level is $4.45, which acts as the pattern’s neckline and nearby resistance. UNI needs to break above this level to confirm the bullish setup. Until then, the token could remain trapped within its current trading range.

A confirmed move above $4.45 could strengthen buying momentum and open the path toward the $4.70 target. This level represents the next major upside area if bulls manage to maintain control after the breakout.

However, UNI’s bullish setup remains dependent on a successful breakout. If the token fails to reclaim $4.45, the price could continue moving sideways. Meanwhile, traders are watching the $4.25–$4.30 support and $4.45 resistance for the next move.

Uniswap V4 Hits Record $15.2M Weekly Fee Revenue

The data from MSB Intel also revealed that Uniswap V4 has recorded its highest weekly fee revenue to date, based on historical figures tracked by DeFiLlama, generating approximately $15.2 million in fees over the past seven days.

Source: MSB Intel’s X Post

The weekly total was led by activity on Robinhood Chain, which contributed around $6.7 million in fees. Ethereum followed with approximately $3.4 million, while BNB Smart Chain added another $2.4 million to Uniswap V4’s overall figure.

The figures show that Uniswap V4’s fee generation is coming from several supported networks rather than being concentrated on a single blockchain. Robinhood Chain accounted for the largest portion of the reported weekly revenue, followed by Ethereum and BSC.

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Ahsan Nusrat is an experienced crypto writer with over 3 years of experience covering blockchain, crypto market trends, and Web3 developments. He focuses on breaking down complex topics into clear, engaging content for both new and experienced readers. Beyond BTCRead, Ahsan has also written for NewsBTC and contributed to various crypto PR projects.
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