Uniswap Revenue Surpasses Ethereum’s – Can UNI Hit $6 Soon?

Uniswap’s price has taken quite a hit over the last few months, slipping from a high of $19.46 in December to around $5 today. Like many other altcoins, UNI has struggled to find solid ground, losing more than 70% of its value along the way. But despite the price slump, there’s growing optimism in the air, and it has everything to do with Unichain, Uniswap’s new layer-2 network. As momentum builds around this upgrade, investors are starting to wonder: could this be the catalyst that turns the UNI price around and sparks a UNI breakout?

Unichain is Growing Fast and Attracting Attention

Launched just a few months ago, Unichain is already making waves. It’s designed to make trading cheaper and faster, two things every crypto user wants. So far, it’s doing exactly that. In a short amount of time, Unichain has attracted a solid lineup of developers, including names like Stargate, Venus, Compound, and DyorSwap. The numbers are climbing fast too: Unichain’s total value locked has reached over $277 million, with $146 million held in stablecoins. In terms of trading volume, it handled $112 million in just 24 hours, adding up to over $300 million in the last month. That’s not just impressive,  it’s a strong signal of growing adoption.

UNI Burn Mechanism and Strong Revenue Signal Optimism

What’s even more promising is how this growth translates into benefits for UNI holders. Every transaction on Unichain generates fees, which are then converted into UNI and burned, permanently reducing the supply. On top of that, Uniswap revenue this year has already surpassed Ethereum’s, hitting $299 million compared to Ethereum’s $234 million. As UNI revenue continues to climb and fundamentals strengthen, there’s more reason to believe the UNI price could be gearing up for a recovery. With strong fundamentals and rising usage, the groundwork is being laid for a potential price recovery. Let’s take a closer look at UNI’s chart and see how the indicators are lining up.

UNI Price Action Analysis of April 19th, 2025

UNI has been trading within a steadily ascending channel, consistently finding support along its lower trendline near $5.18–$5.20 and facing resistance just below $5.30. The UNI price initially dipped to a low around $5.14 on the 18th before reversing sharply, triggering a golden cross on the MACD and propelling UNI toward $5.25. Subsequent higher lows near $5.21 and $5.23 reaffirmed bullish sentiment as the price moved upward again. Throughout the session, UNI tapped the resistance zone around $5.29–$5.30 multiple times but failed to break through decisively. Each overbought RSI reading above 70 led to a short-lived correction, with the indicator then resetting to neutral levels near 42–46, showing consistent reaccumulation by buyers.

Chart 1, Analyzed by Alokkp0608, published on April 19th, 2025.

Price movements have oscillated between $5.15 support and $5.30 resistance, with recent swings forming a bullish stair-step structure. After briefly peaking near $5.32, UNI retraced to around $5.24–$5.25, now hovering just above the channel’s midline. The MACD has shown alternating golden and death crosses, reflecting mixed short-term momentum, though the underlying trend remains upward as long as the $5.20 level is respected. A break below $5.18 could risk further downside toward $5.15, while a strong bounce from current levels could target the $5.30–$5.32 resistance again, potentially triggering the much-anticipated UNI breakout.

UNI Eyes Breakout Amid Strengthening Fundamentals

Uniswap is showing signs of quiet strength, even after months of heavy selling. The $5.20 level has become a key support zone, helping buyers step in just when it matters. With Unichain gaining real traction and Uniswap revenue climbing higher than Ethereum’s, the fundamentals are starting to back up what we’re seeing on the chart. If the UNI price can stay above $5.18, there’s a solid chance it could make another run at the $5.30–$5.32 zone. But if it slips below $5.15, that might cool things off a bit. For now, it’s a waiting game, but one that’s leaning in the bulls’ favor. Traders should keep a close eye as this momentum continues to build toward a potential UNI breakout.

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