Summary UNI trades below EMAs, testing support at $9.20–$9.00. September 19 netflows recorded $682K inflows, showing mixed trader positioning. Governance catalysts include fee conversion proposal and $165M ecosystem fund. By Jainam Mehta Uniswap (UNI-USD) is currently trading at $9.36, slipping after failing to sustain momentum above the $9.70–$9.80 resistance zone. The token has dipped below its short-term EMAs, with the 20-day EMA at $9.46, 50-day EMA at $9.49, 100-day EMA at $9.56, and 200-day EMA at $9.71 forming a resistance cluster. Immediate support sits at $9.20–$9.00, while a decisive breakout above $9.80 remains essential to re-establish bullish momentum. The RSI at 43.6 signals weakening momentum, leaning short-term bearish. Technical and on-chain picture On-chain flows show a mixed picture. Netflows on September 19 recorded $682K inflows, signaling exchange activity tilted toward short-term profit-taking. Despite this, whales have shown steady accumulation in recent weeks, keeping broader outflows intact. Market cap currently stands at $5.37B, highlighting UNI’s continued leadership among DEX tokens but also its underperformance relative to peers such as PancakeSwap. Uniswap price dynamics (Source: TradingView) Technically, UNI has slipped back under the EMA cluster at $9.46–$9.71, keeping near-term momentum capped. Failure to reclaim these levels will sustain bearish pressure if UNI holds the $9.20–$9.00 support. A rebound toward $9.70–$9.80 remains possible, with a breakout targeting $10.40–$10.70. A failure to hold support risks deeper losses toward $8.80. Fundamental positioning and outlook Uniswap’s fundamentals remain constructive despite near-term technical weakness. The Q2 financial disclosure confirmed a $110M reserve buffer, securing operating runway until 2027. Additionally, the recently approved $165M ecosystem fund provides resources for liquidity incentives and growth grants. The pending Fee Conversion proposal could redirect $90M+ in monthly protocol fees to UNI holders or reserves, significantly boosting value accrual, though delays in approval have cooled market sentiment. Rising competition from PancakeSwap and Curve continues to weigh on UNI’s dominance, but Layer-2 adoption and protocol-led scaling strategies keep Uniswap well-positioned in the DeFi landscape. Short-term outlook Looking ahead, UNI sits at a make-or-break juncture. Holding above $9.20 support could stabilize price action and set up a retest of $9.70–$9.80, with a breakout opening upside toward $10.40–$10.70. However, a breakdown below $9.00 risks weakness toward $8.80, which last acted as a strong support in August. Broader DeFi sentiment and Layer-2 driven liquidity growth will remain pivotal external drivers. In earlier analysis, UNI’s repeated rejections at $9.70–$9.80 were highlighted as the key pivot. Current price action confirms this, with UNI slipping back under EMAs and testing critical support zones. This material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
