UNI funding turns negative, traders favor shorts, while $302K inflows signal a looming sell‑off.
Uniswap's expansion to new chains may enhance DeFi's reach but also increases security risks and impacts liquidity providers' earnings. Uniswap expands protocol fees and UNI burning to BNB Chain, Polygon, and Celo.
Governance vote targets BNB Chain, Polygon, and Celo while on-chain data shows UNI accumulation trend
A Uniswap whale spent $1.03 million to buy 299,454 UNI, raising its holdings to $2.7 million amid recovering demand.
If the past two weeks' momentum can be sustained, UNI could move as high as the $5.14-$5.77 area.
Uniswap rally gains strength as on-chain activity surges, but liquidity risks remain.
Weekly RSI breakout and rising market cap strengthen UNI's bullish reversal structure further
Over the past week, the Uniswap price has gained strong bullish momentum, breaking out of a prolonged consolidation phase below $3.5. The latest upswing has pushed UNI toward the neckline of a parabolic recovery structure, helping the token recover most of the losses recorded in recent weeks.
LayerZero is being accused of operational security failures after its production multisig keys were found executing operations in the McPepes memecoin. Three of the five signers of the Gnosis Safe 2-of-5 carried out transactions on decentralized exchanges, exposing keys that custody billions of dollars.
Ethereum (ETH), down 2.9% since Wednesday, was also an underperformer.
UNI trades at $3.07 with oversold RSI at 37.13. Technical analysis points to potential recovery toward $3.85-$4.20 range if key support at $3.00 holds through April consolidation.
Uniswap (UNI) shows oversold recovery potential from current $3.15 level, with technical analysis pointing to $3.85-4.20 targets as RSI rebounds from 39.86 neutral territory.