Uniswap Jumps as UNI Governance Vote Nears—Can the Fee Switch Trigger the Price Rally?

The Uniswap (UNI) price

From a technical perspective, UNI’s structure has improved after holding above $5.00, which now acts as a critical support zone. Momentum indicators had been oversold before the rebound, supporting the case for a relief rally.

Key levels traders are watching:

Support: $5.00–$4.85
Near-term resistance: $5.60–$5.80
Higher resistance (if momentum builds): $6.20–$6.50

Holding above the $5.6 region after the vote would keep the bullish structure intact. A rejection back below support could turn the recent move into a short-term “buy the rumor, sell the news” reaction, especially given the thin holiday liquidity around the vote result.

Conclusion

UNI’s recent price strength reflects growing anticipation around a governance decision that could redefine how UNI’s token is valued. The combination of a large token burn and potential fee switch has pushed UNI back onto traders’ radar, even as broader market sentiment remains cautious.

That said, the real test will come after the vote. Whether UNI can hold key support levels and attract sustained participation will decide if this move evolves into a longer-term repricing or fades into consolidation. For now, price behaviour around the $5 zone remains the most important signal to watch.

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