Uniswap founder Hayden Adams has stated that Solana may be better suited for decentralized finance (DeFi) than Ethereum, praising Solana’s “better roadmap, team, and approach” for executing DeFi directly on its Layer 1 (L1) blockchain. Adams highlighted that Solana’s vertical scaling enables faster, cheaper transactions on its base layer, contrasting with Ethereum’s horizontal Layer 2 (L2) scaling strategy, which moves activity off-chain to improve scalability. He urged Ethereum to continue focusing on L2 solutions rather than reverting to L1 upgrades, warning that abandoning this path could risk Ethereum losing its DeFi dominance to Solana.
This move has also reinforced investor confidence in the Uniswap token, as more traders now invest in the Ethereum Layer 2 solution. Given that, let’s take a quick peek at the latest UNI price analysis for the last 24 hours and try to understand what possible Uniswap price trends are forming.
UNI Price Analysis of The Last 24 Hours
The UNI Price stood at $5.260 at the beginning of yesterday. The golden cross that had formed late the previous day widened in the early hours, and UNI spiked up, reaching $5.397 by 00:30 UTC. At this point, overbought conditions existed, but UNI continued to display a bullish uptrend pattern, going up to $5.437. Technical indicators pointed to a heavy reversal, but UNI found immediate support at $5.394, allowing it to resist the downturn and form a trading range. Until 5:30 in the morning, UNI went on to test the resistance a few times in the trading range. At 4:55 UTC, a golden cross had formed on the MACD indicator, leading to an upward UNI breakout.
Chart 1: published on TradingView, April 22, 2025
At 6:15, UNI faced rejection at the $5.50 mark. The failure to break the resistance led to a reversal as UNI dipped momentarily to $5.446, and then scaled to test the resistance again. However, this attempt also proved futile as an extended downtrend followed. By 12:00 UTC, UNI was back testing the $5.394 support. At around 14:00 UTC, it attempted to rise and test the resistance again, but plateaued around the $5.47 mark. This led to a heavy downturn that resulted in UNI abandoning support and plunging to $5.223 by 19:00. In the coming hours until midnight, a trading range followed, with the $5.3 mark posing stiff resistance.
UNI Price Action on April 22
On April 22, a bearish UNI breakout led the price to fall to the $5.21 support. A trend reversal was seen with the coin almost oversold on the RSI, taking UNI to $5.350. However, the bulls could not sustain upward movement as UNI quickly got corrected, stabilizing around $5.26. Since then, UNI has witnessed heightened bearish pressure, with its upward advances facing quick corrections. As of the latest update, UNI price has faced two reversals and is on its way to test the $5.21 support again.
UNI Price Prediction: Can UNI Get Back to Testing $5.5
The Uniswap price trends have been mild, leading to gradual uptrends and reversals. This indicates that a swift return to $5.5 may not be on the cards. Especially as of now, as UNI tests the $5.21 support, it will look for a bullish reversal soon. However, we also noticed that positive movements are met with potent downturns. Given that UNI may have to muster a breakout like it did early yesterday, a rapid 5-6% increase is needed to have it back testing the $5.5. If not, the road there may be slow and met by several reversals.
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