Uniswap Price Eyes $10.30 as Cup-and-Handle Forms

Uniswap's price is currently testing a possible cup-and-handle setup near $8.92, as its September rally cools and a Japan-focused DeFi partnership advances.

The daily chart shows Uniswap trading below a descending handle with resistance at $10.30. The Relative Strength Index (RSI) stands at 60.27, while the Moving Average Convergence Divergence (MACD) crossover signals weaker momentum.

A Japan-focused DeFi partnership between SMBC Nikko and partners targets mid-2027 completion for a DeFi Gateway using Uniswap v4 hooks to build liquidity pools with anti-money laundering and counter-terrorism financing controls. This development adds an institutional use case for Uniswap's infrastructure while UNI remains below its daily breakout level.

A clear breakout above the cup resistance at $10.30 would strengthen the handle setup, followed by a test of $10 and broader resistance near $10.30. A sustained move above both levels on the 4-hour chart would improve the short-term structure.