Uniswap Potential Upside Ahead

Uniswap (UNI) has been trading within a descending channel for over two years now. Recently, the price appears to have reached the lower boundary of this channel, which historically has acted as support. Notably, the current price is also near its all-time lows since the initial launch, adding further significance to this level.

The RSI is showing signs of seller exhaustion, suggesting that selling pressure may be easing and buyers could start stepping back in.

Based on the descending channel structure, there is a possible scenario for a bounce from the current level, with the potential for UNI to move toward the upper boundary of the channel to around 10–11 USDT. This target could be approached between June and September 2026, assuming market conditions remain supportive and no additional crypto or UNI related major negative catalysts emerge.