The Uniswap (UNI) price has been declining, trading at $3.31 with an RSI reading of 37.00. This indicates oversold conditions, suggesting a potential bounce in the coming months.
Technical analysis suggests that if support above $3.17 holds, UNI could target $4.50 by March 2026. The short-term target is $3.68, with potential for a medium-term forecast of $4.00-$4.50 range.
A bullish scenario sees UNI breaking above the upper Bollinger Band at $3.68, followed by testing the 20-day EMA at $3.47 and stronger resistance at $3.57. A sustained move above $4.34 could open the path toward analyst targets in the $6.00-$7.00 range.
A bearish scenario sees UNI breaking below critical support at $3.17, potentially declining toward psychological support at $3.00 with further downside potential to $2.50 if broader crypto markets remain weak.