UNI Price Breaks Out of Descending Triangle, Eyes New Targets

After years of compression under bearish pressure, UNI's price rally in Q3 2026 has broken out of its long-running descending triangle and entered a potential accumulation phase. This significant change in technical setup has opened up new targets for the token.

The next hurdles on UNI's path to reaching these targets are resistance levels at $12.30, followed by $15.10 and $17.50 this year. However, if UNI fails to flip $12.30, it could face a deeper pullback to $8.25 or even $6.35.

The rising adoption of Uniswap V4 has also added another bullish signal for the token. With 50% of Ethereum DEX volume now captured by Uniswap V4, and having held the top position every month since March 2026, this trend is supporting UNI's price story.