Uniswap’s native token UNI has rallied to $6.98, gaining nearly 5% in the last 24 hours, as discussions intensify around activating a fee-sharing mechanism that could distribute protocol revenues to token holders. The surge follows a strong technical breakout from a prolonged six-month correction, signaling renewed market momentum.
Key Highlights
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UNI trading at: $6.98 (+4.8% in 24h)
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Catalyst: Growing optimism over fee-sharing proposal
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Resistance test: $7.02 (upper Bollinger Band)
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Momentum: Supported by overall crypto market recovery
Market Drivers Behind UNI’s Rally
The recent price jump is largely attributed to community and developer discussions about enabling a “fee switch”—a mechanism that would share Uniswap’s trading fee revenue with UNI holders. This idea reignited investor interest, sparking a 15% rally on November 9th, as traders speculated on the potential for UNI to evolve into a yield-generating asset.
The move comes shortly after Uniswap recorded record-breaking trading volumes in October 2025, producing over $275 million in fees. This milestone strengthened the case for fee-sharing, showcasing the protocol’s substantial earning power.
Despite facing temporary pressure after SEC-related enforcement concerns on November 7th, UNI quickly recovered, climbing 11.7% to $6.70 and maintaining solid support. This resilience indicates strong confidence from institutional players and long-term holders defending key price zones.
Additionally, UNI’s technical breakout from its multi-month downtrend coincides with pro-crypto policy signals, helping improve overall market sentiment around DeFi tokens.
Technical Analysis: UNI Approaches Upper Band Resistance
UNI is now trading well above key moving averages, standing 19% above the 20-day SMA ($6.01) and 15% above the 50-day SMA ($6.78). However, it still trails its 200-day SMA ($7.87)—implying that a full long-term trend reversal is still in progress.
Trading volume remains robust, with $63 million in 24-hour spot volume on major exchanges, confirming strong conviction behind the latest rally.
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RSI (59.9): Neutral zone, allowing room for further upside
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MACD Histogram (0.1826): Bullish momentum building, signaling potential crossover
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%B (0.9826): Price nearing upper Bollinger Band at $7.02—crucial short-term resistance
These readings suggest that while the rally has strength, the token faces an immediate test at the upper band, where traders will watch for either a breakout continuation or short-term consolidation.
Critical Price Zones to Watch
Short-Term Levels (Next 24–48 hours)
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Resistance: $7.20 (key breakout threshold)
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Support: $6.54 (short-term floor)
Breakout Scenario:
If UNI breaks and holds above $7.20, momentum could carry it toward $9.00–$9.10, offering roughly 30% upside potential.
Downside Scenario:
Failure to sustain above $6.54 could trigger a correction toward $4.70–$4.80, though this seems less likely given current market dynamics and bullish technical signals.
Correlation and Market Context
UNI continues to move in line with the broader crypto market rally, with Bitcoin’s steady gains providing a supportive backdrop. However, UNI’s outperformance suggests that its recent strength is being driven primarily by project-specific catalysts, not just market sentiment.
While global equities maintain a mild risk-on stance, UNI’s fee-sharing narrative aligns it closer to traditional equity models, where asset valuation is influenced by potential cash flow distribution.
Outlook: What’s Next for UNI
Bullish View:
If Uniswap’s community advances the fee-sharing implementation, UNI could transform into a revenue-backed token, strengthening its long-term appeal. A confirmed breakout above $7.20 with sustained volume may target $9.00+, supported by growing on-chain activity and consistent protocol earnings.
Bearish View:
On the downside, further regulatory headwinds or a failed breakout could trigger profit-taking. Broader market weakness in Bitcoin or Ethereum could also weigh on UNI despite its strong fundamentals.
Risk Management Note:
Active traders may consider stop-loss levels below $6.54, given the token’s daily volatility (ATR: $0.56) and proximity to upper-band resistance. Conservative entry strategies are recommended until a clear breakout confirmation is seen.
Conclusion
Uniswap’s UNI token is regaining investor attention as fee-sharing discussions hint at a transformative shift in its token economics. Backed by solid fundamentals, growing revenue, and a bullish technical structure, UNI is positioning itself for potentially sustained upside—provided it can clear resistance near the $7 mark and withstand short-term volatility.
