UNI rides Robinhood's chain to a 14% pump, but $4 is still playing hard to get 🦄

Uniswap (UNI) has deployed v2, v3, v4, and UniswapX on the Robinhood Chain, a Layer 2 network built by Robinhood Crypto. Uniswap will operate as the automated market maker (AMM) on the network, with the launch positioned to support programmatic, automated, and AI-driven ecosystems.

The announcement coincided with a 14.2% increase in $UNI's price over the past 24 hours, while daily trading volume climbed 81%. The broader crypto market posted a 2.3% gain in the same window, adding to short-term sentiment around the token.

On the weekly chart, the $4 level had functioned as support from June 2022 to January 2026 before $UNI slipped below it. The price subsequently retested $4 twice as resistance and reached a swing low of $2.316 in early June. A Fibonacci retracement drawn from that decline shows the current bounce operating within the bearish swing structure, with the Relative Strength Index crossing above neutral 50 while the On-Balance Volume remained below mid-June highs.

Liquidation data pointed to a larger cluster of short positions stacked overhead, extending up to $3.52. The map showed several high-leverage short positions concentrated in that range. Technical levels cited in the analysis included a 78.6% retracement at $3.77 and a swing high at $4.17.