Can UNI turn demand into a breakout after Uniswap’s 100% TVL surge?

Uniswap’s Robinhood Chain TVL hit $100 million recently following a monthly hike of 100%. This, after market bulls gained the upper hand across $UNI derivatives.

The aforementioned uptick hinted at emerging liquidity within Uniswap’s presence across the emerging network.

Capital was once limited, but it gradually picked up speed towards the end of June and during July. In August, the TVL surged to over $100 million, continuing the liquidity inflows into the protocol.

This expansion bolstered $UNI’s already solid fundamentals, despite its less robust market structure. A high TVL also revealed that more capital was staked on Uniswap on Robinhood Chain.

Here, it’s worth noting that the hike was not merely a one-session bump, but was an ongoing monthly increase. As a result, Uniswap’s liquidity base expanded to provide more support for the overall network activity.

Source: X/Token Terminal

Top traders keep leaning heavily bullish

Though $UNI fell from its early-August levels, bullish derivatives positions were still high at press time. In fact, Binance’s top traders had 71.2% long positions and 28.8% short positions.

As a result, the Long/Short Ratio grew to 2.47, making bullish trades more than two times the size of bearish trades.

This positioning suggested that the biggest traders had stayed long on the price action despite its downtrend.

$UNI has already dropped dramatically from above $4.40, before bottoming out around the lower $3-area. And yet, top traders have continued to favor longs rather than shifting aggressively towards the bearish exposure.

The positioning has added to the liquidity on the Robinhood chain for Uniswap.

Source: CoinGlass

Taker buyers reinforce $UNI’s demand

Spot activity also offered some support, with the 90-day Spot Taker CVD being taker-buy dominant. Buyers, therefore, continued to execute more aggressive market orders than sellers across the measured period.

Notably, buyer dominance persisted while $UNI saw substantial price weakness during August. Such a divergence suggested that aggressive demand had not disappeared alongside the broader correction. The CVD reading also complemented Binance traders’ 71.2% long positioning from a separate market perspective.

Together, both metrics highlighted sustained appetite for $UNI despite its weakened technical structure.

Meanwhile, Uniswap’s 100% Robinhood Chain TVL growth strengthened the fundamental side of that demand equation. While buyers had multiple supportive factors, the price was yet to reflect their combined strength.

Source: CryptoQuant

Can $3.183 anchor $UNI’s next recovery?

At the time of writing, Uniswap [$UNI] was trading near $3.266 after sellers drove the price under the important $3.489-level. However, the token did not break below its $3.183 support, maintaining an immediate base for a recovery attempt.

The RSI fell to 35.88, placing the indicator much closer to oversold territory than neutral conditions. Its average reached 45.50, confirming that recent selling had considerably weakened $UNI’s underlying price strength.

A sustained hold of $3.183 could allow improving demand conditions to challenge $3.489 again. Reclaiming that barrier would help strengthen the recovery and establish a line to the higher $4.000 resistance.

On the other hand, a breakdown of $3.183 would open up the $2.780 support, thereby limiting the bullish fundamental set up.

Therefore, $UNI’s immediate structure depends heavily on the buyers holding up at the $3.183-price level.

Source: TradingView

Final Summary

• Uniswap’s 100% TVL growth and taker buying strengthened $UNI’s underlying demand picture.

• $UNI needs to defend $3.183 before buyers can challenge $3.489 and $4.

Source