Uniswap’s UNI token traded near $4.09 as of March 16, 2026, showing steady gains and heightened derivatives activity. Analysts highlighted a key technical pattern, noting the token is testing a $4.20 resistance level that could signal a significant breakout or breakdown in the near term.
The Uniswap governance token, UNI, was trading at $4.09, posting daily gains of 4.58%. According to CoinMarketCap, its 24-hour trading volume reached $185.82 million.
Analyst Ali Martinez highlighted that UNI is forming an ascending triangle pattern on the chart. He stated the pattern could lead to a 30% price move once confirmed if resistance at $4.20 is broken.
The token’s price action remained confined between the $4.20 resistance and support near $3.80. A confirmed breakout above $4.20 could target the $5.00 to $5.30 range, while a breakdown might push UNI toward February lows.
Another analyst, UniChartz, mentioned the token has consolidated in a wide range since mid-2022. The current price sits near the lower boundary of that long-term range, making it a critical support area.
Data from CoinGlass showed rising derivatives market participation. Open interest increased 9.46% to $287.36 million, while trading volume climbed 17.97% to $215.53 million.
