Uniswap (UNI) Price Eyes $10 Mark Amid TVL and User Activity Surge

• Uniswap’s TVL surged from $3.28 billion to $5.13 billion since April, while monthly active users doubled to 22.3 million, indicating growing confidence in the platform.

• UNI token gained 7% to trade at $7.67 with daily trading volume spiking 70%, showing strong buying momentum after months of bearish pressure.

Uniswap is waking up after months of consolidation and bearish pressure as bulls are making a serious comeback effort. The latest price movement indicates that the altcoin might be finally ready to exit its long-term downtrend, with various technical indicators and on-chain data pointing toward a bullish storyline.

Looking at the on-chain data, it seems the on-chain metrics of Uniswap are improving. According to Defillama data, on 9 April 2025, UNI TVL is at $3.28 billion, which has now increased to $5.14 billion. The increased TVL (Total value locked) indicates the user sentiment; an increased TVL means the confidence of users in Uniswap is surging, which is a positive sign. 

Moreover, the token terminal data suggests a surge in monthly active users in Uniswap. In April 2025, Uniswap had 11.7 million monthly active users, which has now increased to 22.3 million. Besides this, the Uniswap engagement has also increased on social media platforms. Mentions and engagement on social media platforms like X, Reddit, YouTube, and others are surging, showing increased social sentiment.

According to CMC data, Uniswap (UNI) is currently trading at $7.67 with an intraday gain of 7%, showing bullishness. Moreover, the daily trading volume has increased by almost 70%, showing increased buying momentum.

What’s Next For Uniswap Price?

The strongest indicator of this possible turnaround is the Supertrend indicator, which has just turned bullish at the 6.294 level, and paints a clear picture of a turn in momentum. This technical indicator, which is famous due to its capacity to detect the changes in the trend, is currently signalling green after a long stay in the bearish zone. 

Looking at the moving average framework, UNI bulls are trying hard to break the 200-day EMA level. The present standing implies that an effective break above the 200-day EMA might lead to a further significant advancement towards the $10 mark and beyond.

The bullish case is supported by the RSI indicator at 56.26, which indicates that the momentum is building in favour of buyers without being in the overbought territory. This reading indicates that there is still space to move upwards before hitting momentum-based resistance. The fact that the RSI has been recovering its oversold levels earlier in the year shows that the selling pressure has been slowly fading away.

The most promising indicator of the UNI bulls is probably the record trading volumes, which have shown a stunning 70% growth in daily trading volumes. This is a common volume expansion that is associated with large price movements and is an indication that the institutional and retail players are gaining traction in the token.

Moreover, the MACD histogram is developing bullish divergence, and the indicator is trying to cross above the signal line. This is a technical development that usually comes before price breakouts and provides additional confirmation of the bullish argument.

If UNI can sustain its recent gains and overcome critical resistance areas, then the scene might be ready to witness a significant recovery rally. This rally will see the token back in the limelight of decentralized finance investments.

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