Uniswap Price Outlook: Can UNI Break Above $4.67?
UNI Rebounds After Falling to Its Lowest Level Since 2020
UNI is down nearly 40% YTD, momentarily plunging to $2.31, the lowest since 2020, on cryptocurrency exchange Kraken.
The token was bearish throughout the first two quarters of 2026, but an uptrend got under way during Q3. The token has climbed over 20% since early July, paring most of its Q2 losses.
Robinhood Chain Growth and UNI Burns Support the Bull Case
Crypto experts pointed out that Uniswap saw impressive gains on Robinhood Chain, with Uniswap accounting for over 70% of the platform’s total trading.
Moreover, the company launched Pools.trade on Robinhood Chain, primarily aiming to simplify the launch of new tokens and run trading on a single platform.
Whale Accumulation Could Add to Buying Pressure
Meanwhile, Uniswap obtained approval of UNIfication, a mechanism used to buy and burn UNI, which will likely limit supply over time once the number of users of the app’s protocol increases.
For the time being, Standard Chartered estimates UNI’s burn annualized run rate at $90 mn or 4% of the tokens in circulation.
The company expects the token to extend gains in the long run.
Moreover, experts note that there is a strong likelihood of the token being accumulated by major investors (whales). This trend can be seen in Binance transactions.
UNI Price Levels to Watch: $4.67, $6.12 and $3
From a technical standpoint, strong horizontal support still lies at $2.31, with the next local support line clearly shaping up near $3.
The token’s gains in July and partly in August helped the bulls test $4.67, which is the 23.6% Fibonacci retracement level.
Investors saw no attempts to cross that mark, although this scenario cannot be ruled out in the short term.
Bullish sentiment currently looks weak, so aggressive trading is possible only if key levels are breached and the token moves gradually higher.
The first signal would be a breakout of the $4-4.67 range. If the token holds above that range, the next upside target could be $6.12.
