Uniswap eyes 91% rally to $9 as Robinhood Chain hits 20M

UNI gained 9 percent in seven days to $4.64 as of Aug. 29 as Robinhood Chain adoption pushed active users past 20 million.

Token Terminal data shows Uniswap is the second-largest protocol on Robinhood Chain by total value locked at $791 million, while DeFi Llama indicates protocol fees could reach $98 million by month-end, nearly matching last month's figure.

UNI rose 4.78 percent in 24 hours and broke above the $4 level for a second time in a month, with the $3.25 zone serving as a strong support floor. The Relative Strength Index rose to 65, triggering a buy signal, while the token surged above its 200-day exponential moving average. The Crypto Fear and Greed Index jumped from 36 to 77, reaching the highest level since December 2024.

If UNI breaks past the $4.85 resistance, the token could rally to $9, representing 91 percent upside from current levels. The token still sits at a 20 percent year-to-date loss, but the Robinhood Chain expansion has accelerated fee generation — while other decentralized exchanges have seen fees plummet over 80 percent from all-time highs, Uniswap's fees are down just 39 percent.

Robinhood Chain Drives $20 Billion in Volume

Token Terminal data shows Uniswap's active users on Robinhood Chain hit 20 million for the first time, indicating strong adoption just months after the protocol launched on this blockchain. The protocol has accumulated $20 billion in trading volume from Robinhood Chain during its first two months of operation.

The expansion comes as broader crypto market conditions have improved. The SEC's newly proposed rules for the industry and the Treasury Department's decision to ramp up bond buybacks in September have provided tailwinds for digital assets. The Fear and Greed Index's jump from 36 to 77 reflects this shift, with the gauge briefly touching 80 — the highest since December 2024 when a strong bull market was underway.

$4.85 Breakout Could Unlock $9 Target

Technical analysis on the daily chart shows UNI just broke past the $4 level for a second time in a month. The last attempt was quickly rejected, with the token retesting its former trend line resistance from above. The $3.25 level became a strong bouncing pad and pushed the token back above the 200-day EMA.

The RSI at 65 suggests momentum is on the side of bulls. A sustained break above $4.85 could trigger a move toward $9 in the mid-term, according to the analysis. The token's fee-generation capacity — down just 39 percent from all-time highs compared to over 80 percent declines for other DEXs — could translate into a higher valuation if a bull market resumes.

This article is for informational purposes only and does not constitute investment advice.