Uniswap's UNI token surged from $2.35 to $10.85 in Q3 2026, breaking a long-running descending pattern. Traders now watch $12.30 as the next hurdle, while rising usage of the Uniswap V4 exchange adds to the bullish case.
UNI broke out of a descending triangle that had capped the token for years, surging from $2.35 to $10.85 during the third quarter of 2026. The move ended a stretch of compression that followed UNI's $45 peak in 2021, when a falling trendline kept sellers in control.
The breakout turned the recent price action into what looks like an accumulation phase, but the next test comes fast. According to the UNI daily chart, $12.30 stands as the immediate resistance level, with $15.10 and $17.50 waiting above it this year.
A clean flip of $12.30 would put those higher levels in view. However, failure to clear it could mean prolonged consolidation below the level, and a deeper pullback could send UNI toward $8.25 and $6.35 before buyers try again.
The price setup isn't the only signal pointing higher. Uniswap V4 now captures 50% of Ethereum decentralized exchange volume across Uniswap V2, V3, V4 and Curve, up from 31% in August 2025, and it has held the top spot in that mix every month since March 2026. Meanwhile, Uniswap V2's share fell from 5% to below 1% over the same period, showing traders and liquidity providers have shifted toward the newer version.
$12.30 is the level that decides what comes next for UNI.
Source: Coinpedia Fintech News
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