Uniswap’s native token UNI was trading near $8.92 on Oct. 2, down 0.63% for the session, as a developing cup-and-handle pattern on the daily chart keeps the $10.30 resistance level in focus. The token reached an intraday high of $9.319 and a low of $8.867 before returning below $9, according to TradingView’s Binance UNI/USDT chart.
The daily structure shows a broad rounded recovery from the June 2026 lows toward September’s highs, with the two sides of the formation meeting near $10.30, a horizontal resistance line. UNI currently sits roughly 15% below that level, with a descending handle still forming. A sustained daily close above $10.30 would strengthen the bullish breakout case, while a break below the descending structure could expose the $8.00–$8.50 support zone.
Momentum indicators are mixed. The daily RSI stands at 60.27, above neutral 50 but below its average of 68.40, while the MACD line at 0.769 has crossed below its signal line at 0.916, producing a bearish crossover. On the 4-hour chart, Bollinger Bands have narrowed to $8.74 and $9.16, with UNI trading near $8.91 in the lower half of that range. The 4-hour Chaikin Money Flow reads 0.01, indicating only modest buying pressure.
Liquidation data from CoinGlass shows bright clusters near $8.85 below price and $9.34–$9.35 above, with additional overhead bands near $9.40 and $9.50–$9.60. Analyst Crypto With Gopal identified a falling wedge on the 1-hour chart between roughly $8.50 and $10.00, with a possible breakout target near $11.50 if the upper boundary is cleared. Separately, analyst CW noted that UNI’s net position delta was gradually increasing during sideways trading, which could signal improving upside momentum.
Fundamentally, the Japan-focused DeFi partnership advanced as Nethermind said it is co-leading a DeFi Gateway with SMBC Nikko Securities under an agreement involving Uniswap Labs, Base and Nyx Foundation. The partners plan to use Uniswap v4 hooks to build liquidity pools with anti-money laundering, counter-terrorism financing and investor protection controls. Nethermind will lead technical design and delivery, including engineering, AI strategy and smart contract security. The project targets a mid-2027 completion and will provide progress updates to Japan’s Financial Services Agency. Base, the Ethereum layer-2 network developed by Coinbase, provides a US industry connection to the Japan-focused project.
The institutional use case adds long-term relevance for Uniswap’s infrastructure, but UNI still needs to reclaim $9.16 and clear $9.35 before another test of $10.30. Losing $8.74–$8.85 would leave nearby downside support exposed.
