Uniswap (UNI) Jumps 35% — What's Next?

Uniswap (UNI) has staged an impressive recovery over the past month, climbing nearly 35% despite remaining down almost 40% since the start of 2026. Like much of the cryptocurrency market, UNI has spent much of the year under pressure as geopolitical uncertainty and broader risk-off sentiment weighed on digital assets. Its recent rebound, however, raises an important question: is this the beginning of a more sustained recovery, or simply a relief rally within a broader downtrend?

Uniswap (UNI) technical analysis

UNIUSD - 1 Day Time Frame

While short-term price movements remain difficult to predict, the current chart highlights several key support and resistance levels that could shape UNI's next move. At the time of writing, UNI is trading around $3.40, holding comfortably above the immediate $3.10 support level. This zone has repeatedly acted as a reliable support area throughout 2026, making it an important level for buyers to defend. Above the current price lies the $3.60 support/resistance (S/R) level, which is now acting as the first major resistance after previously serving as a support zone.

A successful move above $3.60 could see this level flip back into support, potentially strengthening bullish momentum. If that occurs, the next upside target would be the psychologically important $4.00 resistance, a level that has previously attracted selling pressure. A sustained break above $4.00 could then open the door to a move toward the $4.80 resistance, last seen during the first quarter of 2026, although this would likely require a broader improvement in overall crypto market sentiment.

Uniswap (UNI) price target

On the downside, UNI could continue trading within the current range between $3.10 support and $3.60 resistance while the market searches for clearer direction. If selling pressure intensifies, the token could revisit the $2.40 support level, which marks its 2026 low and represents the next major area where buyers may attempt to step back into the market.

As with most cryptocurrencies, UNI's next major move is likely to be influenced not only by its own technical structure but also by broader market sentiment, macroeconomic developments, and geopolitical events. Traders may therefore benefit from monitoring these external factors alongside the key price levels identified on the chart.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.