Uniswap (UNI) crypto token on the leading DEX has risen about 9% to $3.70 as optimism around a fee-switch proposal to activate protocol fees across pools and networks bolsters token value accrual, DeFi revenue and governance, though trading volume showed only a negligible uptick. A breakout above a mid-2025 descending trendline with RSI moving toward 50 and a reclaim of the middle Bollinger Band signals improving bullish momentum, but UNI needs a decisive weekly close above $4 and to clear $5 to target $10 in 2026 while $3.10 and $2.50 remain key supports.

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The Uniswap price has regained investor attention as optimism surrounding the protocol’s fee switch proposal continues to support market sentiment. The price has surged by more than 9%, reaching $3.70 with a negligible increase in the trading volume. The proposal aims to activate protocol fees across additional pools and networks. This strengthens Uniswap’s revenue model and creates a clearer value accrual mechanism for the UNI token through governance.

Besides, UNI’s weekly chart is beginning to show signs of recovery after breaking above a long-term descending trendline. With bullish momentum improving and buyers attempting to reclaim the $4 resistance. Traders are now assessing whether this technical breakout can fuel a sustained rally toward the $10 mark in 2026.

UNI has confirmed a breakout above a descending trendline that had capped price action since mid-2025, indicating that bearish momentum is beginning to weaken. The rally has just broken above the falling wedge, suggesting the bulls are reclaiming dominance. The token is now trading around $3.70 and is testing the $3.90-$4 resistance zone, which previously acted as support before turning into resistance.

The weekly RSI has also broken above its descending trendline and is moving toward the neutral 50 level, suggesting that bullish momentum is gradually improving. Meanwhile, the price has reclaimed the middle Bollinger Band, another sign that buyers are regaining control after an extended downtrend. While the breakout is encouraging, UNI still needs a decisive weekly close above $4.00 to confirm a broader trend reversal. Clearing this level could shift momentum in favor of the bulls and set the stage for a stronger recovery over the coming months.

Key Price Levels to Monitor

Immediate Resistance: $3.90-$4.00
Major Resistance: $5.00
Key Support: $3.10
Strong Support: $2.50
Long-term Bullish Target: $10.00

Uniswap’s breakout above its long-term descending trendline is an early sign that the broader downtrend may be losing strength. However, the recovery is still in its early stages, and buyers must reclaim the $4.00 and $5.00 resistance levels to confirm a sustained uptrend. If bullish momentum continues to build and the UNI price successfully clears these barriers, a move toward $10 in 2026 becomes a realistic long-term target. However, losing the $3.10 support could delay the recovery and increase the risk of another period of consolidation before the next breakout attempt.

Read the article at Coinpedia