Update
Uniswap v4 Monthly Volume Exceeds $44B
Uniswap v4 has processed over $44 billion in monthly trading volume, surpassing its previous record. UNI bulls have defended the $6.80 support zone, indicating potential for a recovery. Technical indicators suggest improving momentum, with UNI trading above key moving averages. However, the high proportion of long positions in derivatives markets could pose a risk if spot demand weakens, potentially leading to selling pressure and a decline below $6.80.