Uniswap Price Breaks Two-Year Wedge, Eyes 80% Rally to $12.70

Uniswap's ($UNI) price has broken out of a two-year-long falling wedge pattern, potentially setting it up for an 80% rally to $12.70.

The token hit an intraday high of $7.065 on September 17, more than 200% above its June lows.

The breakout was accompanied by improvements in momentum and stronger protocol fundamentals, driven in part by the implementation of the UNIfication proposal in December 2025.

Under this proposal, Uniswap's fees are used to burn $UNI tokens, permanently removing them from circulation. This mechanism has already led to significant token burns, including a record 184,000 $UNI burned in September for around $1.15 million.