Uniswap (UNI) has broken above its long-term descending trendline, signaling a potential shift in market structure. Rising trading activity and growing ecosystem usage are strengthening the broader narrative, while traders now await confirmation that the breakout can hold and support a sustained recovery.
UNI Price Breaks Long-Term Downtrend
Uniswap (UNI) has recorded a major technical shift after breaking above the long-term descending trendline that had constrained its price for years.
Crypto analyst Giannis Andreaou highlighted the breakout as the first meaningful improvement in UNI’s market structure. However, the analyst also cautioned that the broader macro structure remains incomplete following previous downside pressure.
The breakout marks an important change because UNI had remained below a persistent descending trendline across multiple market phases.
A sustained move above this structure could indicate that sellers are losing control and allow buyers to establish a stronger base. Still, confirmation will depend on whether UNI can maintain the breakout rather than quickly falling below it.
Andreaou pointed to the $6–$7 region as the most important area to watch following the breakout. If UNI returns toward this zone and successfully retests the former resistance as support, the area could become a significant technical foundation.
Such a retest would provide stronger confirmation that the long-term trendline breakout is developing into a broader recovery.
Also Read: UNI Price Targets $50 After 285% Rally as Uniswap v4 Activity Expands
Resistance Level at $12 Becomes Key for UNI
The analyst warned that UNI previously formed a lower low beneath its 2022 bottom, leaving the broader market structure vulnerable to further volatility.
Despite the latest breakout, traders may therefore seek confirmation around key support levels before considering a sustained higher-timeframe trend reversal. Andreaou identifies $12 as the first major upside target.
Source: Grannis Andreou’s X Post
The next level of resistance for Andreaou, after $12, is the range of $19-$20. UNI’s structure may get support if a breakout occurs along with higher highs and higher lows.
Furthermore, Andreaou mentions the range of $30 as an upside target for the long term; however, UNI needs to overcome some obstacles before getting there.
Derivatives Activity Strengthens Across Uniswap
The Coinglass data also indicates an increase in participation in the derivatives market of UNI tokens. The trading volume in 24 hours is up by 27.92% to reach $1.41 billion, while open interest rose by 2.14% to $751.36 million. However, despite the increase in both indicators, this does not automatically mean that traders are bullish.
Source: Coinglass
The rise in derivative activity occurs as UNI nears significant technical areas after the breakout from its long-term trend line.
Increased trading volume would offer extra liquidity near support and resistance areas, and increased open interest means that there is an increase in leveraged trades. Thus, UNI may see more volatile price action as a result of the breakout.
Uniswap Network Expansion Adds Fundamental Catalyst
Other than the price structure for UNI, there are other developments in the activities of the Uniswap network. Token Terminal pointed out that USDG, which is a stablecoin from Paxos, is seeing high levels of trading activities in decentralized exchanges.
Source: Token Terminal’s X Post
The trading volumes in September have reached $21.8 billion, and this is over 50% of the $40.6 billion traded since its inception. Uniswap V3 and V4 have accounted for 98% of September volume
Data from Uniswap further emphasized trading activity for Arc, with reports of over $300 million being swapped since its inception.
Source: Uniswap’s X Post
This number accounts for roughly 84% of the total volume traded through decentralized exchanges on the blockchain network. High trading activity through other integrations within the network can lend yet another dimension to the Uniswap story.
What Comes Next for the UNI Price?
UNI should be kept an eye on as to whether its breakout trend will continue or not, despite the possible test.
According to Andreaou, there could be volatility during the US trading session where UNI may go straight towards the area of $6-$7 before setting a clearer setup. Retention of the area will improve chances for further rise to $12.
And so the bigger picture continues to focus on validation rather than just the breakout. A successful retest from $6-$7 would then make the first major test at $12, with $19-$20 coming next.
Provided that UNI manages to build support at these levels, the larger chart could see a move up towards the $30 level.
Also Read: UNI Price Eyes Further Gains as V3 and V4 TVL Growth Strengthens Outlook
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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