Uniswap (UNI) Extends Correction After September Rally

Uniswap (UNI) delivered one of its strongest recoveries of the year between June and September, rising from around $2.50 to above $10.00. The rally significantly improved the token’s broader technical picture, but October has brought renewed selling pressure, with UNI falling back toward $7.80.

The latest decline has taken the price below an important support area that helped underpin the September rally. While UNI’s broader recovery remains visible, the short-term picture has weakened, making the next price reaction particularly important for determining whether the correction deepens or buyers begin to regain control.

Uniswap (UNI) technical analysis

UNIUSD - 1 Day Time Frame

The latest weakness has become more significant because UNI has moved below the $8.20–$8.90 support area. The 0.5 Fibonacci retracement around $8.40 also runs through this zone, adding further technical importance to the breakdown.

With UNI now trading below both references, the short-term technical picture has shifted in a more bearish direction and leaves room for the correction to extend further. A sustained recovery above the $8.20–$8.90 area could begin to weaken this bearish outlook and indicate that buyers are regaining momentum.

However, the broader recovery from the June low has not necessarily been invalidated by the latest decline. UNI remains significantly above the levels from which the summer rally began, meaning the chart currently shows two different dynamics: a broader bullish structure alongside shorter-term bearish price action.

This distinction is particularly relevant for potential long positions. Although UNI is considerably cheaper than it was near the September high, the chart has yet to establish a fresh confirmed daily support area below the current market. Waiting for stabilization or a stronger bullish reaction could therefore provide clearer confirmation than entering during the ongoing decline.

Uniswap (UNI) price target

If UNI begins to recover, reclaiming the $8.20–$8.90 area would represent the first important step toward rebuilding bullish momentum. The nearest major Buy-Side Liquidity target is located around $10.90. A sustained recovery above the lost support zone could bring this level back into focus.

Beyond $10.90, additional upside targets are positioned around $12.30, $13.90, and $15.60. These levels could become progressively more relevant if UNI recovers from the current correction and resumes its broader bullish structure.

For now, the break below the $8.40 Fibonacci midpoint keeps the immediate focus on the depth and character of the ongoing correction. A sustained recovery above $8.20–$8.90 could improve the short-term picture and bring $10.90 back into focus, while continued trading below this area could leave UNI vulnerable to further downside before a stronger support base develops.

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