TLDR
- UNI trades at $8.91, up 0.65% today as Bitcoin reclaims $86,000.
- SMBC Nikko Securities, Japan’s third-largest broker, signed a deal with Uniswap Labs, Base, and Nyx Foundation to build a compliant DeFi Gateway.
- Uniswap’s open interest sits at $915 million, down slightly from a September high of $971 million.
- UNI is forming a possible cup-and-handle pattern with resistance near $10.30.
- Analysts are watching a falling wedge on the 1-hour chart, with a breakout target near $11.50.
Uniswap (UNI) is trading at $8.91 at the time of writing, up 0.65% on the day. The move follows a wider crypto market recovery as Bitcoin climbs back above $86,000.
The small gain comes alongside bigger news out of Japan. SMBC Nikko Securities, the country’s third-largest brokerage, has signed a memorandum of understanding with Uniswap Labs, Base, and Nyx Foundation.
SMBC Nikko, one of Japan’s largest securities firms, is building a new trading venue on Uniswap
Compliance runs inside a hook, so each pool is built to Japan’s regulatory requirements for investors
Launching onchain mid-2027 pic.twitter.com/F6YKjUVoea
— Uniswap (@Uniswap) October 2, 2026
The group plans to build a DeFi Gateway aimed at the Japanese market. It will use Uniswap v4 Hooks to create liquidity pools that follow anti-money laundering and counter-terrorism financing rules.
SMBC Partnership Targets 2027 Launch
The firms are targeting a mid-2027 launch date. Progress will be shared with Japanese regulators, including the Financial Services Agency, along the way.
Nethermind said it will co-lead the technical side of the project with SMBC Nikko. Its work will include engineering, AI strategy, and smart contract security.
Base, the Ethereum layer-2 network built by Coinbase, is also part of the agreement. This gives the Japan-focused project a direct link to a major US exchange.
The partnership follows a forecast from Standard Chartered four months ago. The bank said Uniswap’s liquidity pools could hold 37 times more assets by 2030, with UNI price potentially rising 40 times over four years.
Data from CoinGlass shows Uniswap’s open interest rose from $491 million in mid-September to a peak of $971 million by month’s end. It has since eased slightly to $915 million.
The funding rate for UNI remains positive, meaning traders holding long positions are paying to keep them open. Still, the long/short ratio on Binance has dropped from 1.86 to 1.57, showing some long traders are exiting.
Chart Patterns Point to Key Levels
On the daily chart, UNI is testing a possible cup-and-handle setup. The pattern’s resistance sits near $10.30, roughly 15% above the current price.
The MACD line has crossed below its signal line, suggesting the September rally has lost some steam. The RSI reads 60.27, still above the neutral 50 mark but below its recent average.
CoinGlass data shows liquidation clusters building near $8.85 on the downside and $9.35 on the upside. A break below $8.85 could trigger forced closures of long positions.
Chart analyst eam LAMBO Charts wrote on X that UNI “looks like it wants to make the chart ugly for bears,” pointing to a clean structure shift with $11 as the next test.
$UNI looks like it wants to make the chart ugly for bears
Clean structure shifts all the way up
$11 is the next big test https://t.co/YnmMNlrAnW pic.twitter.com/5aTlGfR0Zq
— Team LAMBO Charts (@TehLamboXcharts) October 2, 2026
Separately, analyst Crypto With Gopal flagged a falling wedge on the 1-hour chart. Gopal described price consolidating between $8.50 and $10, with a possible breakout target near $11.50 if the wedge’s upper boundary breaks.
Another analyst, known as CW, said UNI’s net position delta has been rising during sideways trading, which CW read as a sign of improving upward momentum.
At the time of writing, UNI needs to reclaim $9.16 and clear $9.35 to set up another run at the $10.30 resistance zone.
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