Uniswap UNI token sees price breakout amid rising DEX usage

The UNI token has experienced a significant price breakout, rising from approximately $2.35 to over $10.85 following a period of long-term price compression. Technical analysis suggests that the token is currently in a potential accumulation phase, though it faces immediate resistance levels at $12.30, $15.10, and $17.50.

Market usage data supports this upward trend, as Uniswap V4 has captured 50% of Ethereum decentralized exchange (DEX) volume across Uniswap V2, V3, V4, and Curve, an increase from 31% in August 2025. While the trend has strengthened, recent price rejections indicate that continuation is not guaranteed. Analysts are monitoring key support zones between $9.20 and $9.40, noting that a failure to hold these levels could lead to pullbacks toward $8.25 or $6.35.