Uniswap Exhibits Bullish Megaphone Pattern Amid Surging Unichain Trading Activity

As of April 20, 2025, Uniswap (UNI) is demonstrating a notable bullish megaphone technical formation on price charts, signaling potential upward momentum. This pattern emerges concurrently with increased transaction volumes across the Unichain ecosystem, suggesting growing market participation. The megaphone structure - characterized by successively higher highs and lower lows - often precedes breakout scenarios when accompanied by volume confirmation. Market analysts are monitoring key resistance levels as the protocol’s native token benefits from renewed DeFi interest and layer-2 scaling solutions. The volume uptick on Unichain, Uniswap’s dedicated blockchain, indicates strengthening network fundamentals that could support continued price appreciation if current trends persist.

Uniswap price analysis

Technicals suggest that UNI price may be on the verge of a bullish breakout in the near term. It has dropped to the support at $5.25, which coincides with the trendline that connects the lowest levels since 2022.

Uniswap price has formed a giant megaphone pattern, a popular bullish sign. This pattern has two ascending and diverging trendlines. 

Therefore, the coin will likely have a strong bullish breakout in the coming months as bulls target last year’s high of $19.32, which is 275% above the current level. A drop below the lower side of the megaphone will invalidate the bullish view and point to a drop to $3.4, its lowest level in 2022.