Uniswap’s native token, UNI, may rally roughly 80% toward $12.70 after breaking out of a giant falling wedge pattern that had compressed its price for nearly two years.
UNI Breaks Out of Giant Falling Wedge
As of Thursday, Sept. 17, UNI was trading as high as $7.065, up more than 200% from its June lows.
Its bullish revival appeared alongside the broader crypto market recovery while confirming a breakout from a massive falling wedge pattern on the weekly chart.
The structure developed after UNI peaked near $19.50 in late 2024. Since then, the token has formed a sequence of lower highs and lower lows inside two converging descending trendlines.
Falling wedges are typically viewed as bullish reversal patterns when price decisively breaks above their upper trendline. UNI achieved that breakout in August and has since accelerated higher, strengthening the bullish case.
The token has also reclaimed its 20-week (green), 50-week (red), and 100-week (purple) exponential moving averages (EMAs), currently located around $4.59, $4.89, and $5.91, respectively.
UNI’s immediate resistance sits around its 200-week EMA near $7.78.
A decisive weekly close above this level could strengthen the falling wedge breakout and open the door toward approximately $12.70, corresponding with the 0.236 Fibonacci retracement level shown on the chart.
That would represent an increase of roughly 80%-83% from current prices.
The $12.70 area also acted as an important resistance region during UNI’s 2024 rally, making it a logical upside target should the current momentum continue.
UNI’s weekly relative strength index (RSI) has climbed to around 65, reflecting strong buying momentum without yet moving deeply into overbought territory.
UNI Fundamentals Support the Breakout
UNI’s rally is also benefiting from stronger fundamentals.
Since the UNIfication proposal took effect in December 2025, protocol fees from enabled Uniswap markets have been used to burn UNI, giving the token a clearer value-accrual mechanism.
The effect became more visible in September, when Uniswap burned about 184,000 UNI worth roughly $1.15 million in a single day.
Meanwhile, Uniswap has expanded across Robinhood Chain and Circle’s Arc network, increasing its potential trading volumes.
Whale demand has also picked up, with a wallet linked to Arthur Hayes accumulating roughly 284,000 UNI worth about $2 million.
ARTHUR HAYES BUYS $2.01M UNI IN 2 DAYS
Arthur Hayes accumulated 284.10K $UNI (~$2.01M) over the past two days.
· 244.41K $UNI (~$1.73M) yesterday
· 39.69K $UNI (~$280K) todayAddress: 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21 pic.twitter.com/Wtnc6sQUXL
— Onchain Lens (@OnchainLens) September 7, 2026
