Uniswap price jumps 8% as UNI reclaims $4

Uniswap price rebounded 8% from its July 29 intraday low as Hayden Adams addressed concerns over v4 protocol fees, helping UNI reclaim the $4 psychological level. Summary UNI recovered from $3.74 to $4.06, producing an intraday rebound of more than 8%. Daily RSI reached 66.83, showing strong momentum without entering overbought territory. The 4-hour chart places immediate resistance between $4.10 and $4.30. A rising wedge and weak 19.77 ADX leave UNI exposed to a short-term pullback. Uniswap price returns above $4 According to data from crypto.news, Uniswap (UNI) price traded at $4.02 at the time of writing after briefly reaching $4.06, according to the Binance daily chart. The intraday rebound from $3.74 amounted to about 8.5%, while the token was up roughly 3% from its daily opening price. UNI has now recovered more than 70% from its June low near $2.35. The rally has formed a sequence of higher highs and higher lows, allowing the token to return to a price area last tested in May. Uniswap price daily chart — July 29 | Source: crypto.news Momentum remains favorable on the daily timeframe. UNI is trading above its Supertrend support at $3.23, while the relative strength index has ...