to leave a comment.

▲ Uniswap (UNI) ©CoinReaders
Uniswap is attracting market attention by showing a much stronger upward trend than Bitcoin. The key factor driving the price increase was the anticipation surrounding the V4 upgrade and 'Hook Summer,' rather than immediate confirmed performance.
According to CoinMarketCap, a cryptocurrency market data aggregator, Uniswap (UNI) traded at $3.97, up 6.70% over 24 hours on May 10 (local time). Compared to Bitcoin (BTC), which remained largely flat during the same period, Uniswap's rise was notable.
At the heart of this surge is the Uniswap V4 upgrade. The market is increasingly anticipating the 'hooks' feature, which enables custom pool logic, and projects like LO0P, SATO, and uPEG, mentioned as early V4 hook tokens, are gaining attention on social media. This trend has spread as the 'Hook Summer' narrative, and Uniswap is expected to benefit as the foundational protocol of this ecosystem.
However, this surge is largely a pre-reflection of future upgrade expectations rather than currently verifiable performance improvements. The altcoin season index rising by 17.5% in the past week, indicating a shift of some funds to altcoins, also contributed to Uniswap's strength. Technically, Uniswap broke through its 7-day and 30-day Exponential Moving Averages (EMA), and its 14-day Relative Strength Index (RSI) of 72.42 showed strong buying momentum. However, as it approaches overbought territory, the possibility of short-term profit-taking has also increased.
A short-term key point to watch is whether the $3.75 support holds. If V4 hook-related expectations remain and Uniswap maintains this price level, it is anticipated that a test of the $4.20-$4.30 range is possible. Conversely, if it falls below $3.55, the recent breakout trend could falter, leading to a correction down to around $3.37, near the 30-day EMA.
Ultimately, Uniswap's upward trend is a result of a combination of technical breakouts and altcoin fund rotation, but the core driver remains the anticipation of the V4 upgrade. The market is now watching whether the 'Hook Summer' enthusiasm will translate into actual buying pressure or if it will be halted by profit-taking pressure around the 200-day Simple Moving Average (SMA) at $4.70.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.