Uniswap Price Slips Below EMAs As Bulls Defend $9.20 Support (Technical Analysis)

Summary UNI trades below EMAs, testing support at $9.20–$9.00. September 19 netflows recorded $682K inflows, showing mixed trader ￰0￱ catalysts include fee conversion proposal and $165M ecosystem ￰1￱ Jainam Mehta Uniswap (UNI-USD) is currently trading at $9.36, slipping after failing to sustain momentum above the $9.70–$9.80 resistance ￰2￱ token has dipped below its short-term EMAs, with the 20-day EMA at $9.46, 50-day EMA at $9.49, 100-day EMA at $9.56, and 200-day EMA at $9.71 forming a resistance ￰3￱ support sits at $9.20–$9.00, while a decisive breakout above $9.80 remains essential to re-establish bullish ￰4￱ RSI at 43.6 signals weakening momentum, leaning short-term ￰5￱ and on-chain picture On-chain flows show a mixed ￰6￱ on September 19 recorded $682K inflows, signaling exchange activity tilted toward short-term ￰7￱ this, whales have shown steady accumulation in recent weeks, keeping broader outflows ￰8￱ cap currently stands at $5.37B, highlighting UNI’s continued leadership among DEX tokens but also its underperformance relative to peers such as ￰9￱ price dynamics () Technically, UNI has slipped back under the EMA cluster at $9.46–$9.71, keeping near-term momentum ￰10￱ to reclaim these levels will sustain bearish pressure if UNI holds the $9.20–$9.00 support.

A rebound toward $9.70–$9.80 remains possible, with a breakout targeting $10.40–$10.70. A failure to hold support risks deeper losses toward $8.80. Fundamental positioning and outlook Uniswap’s fundamentals remain constructive despite near-term technical ￰11￱ Q2 financial disclosure confirmed a $110M reserve buffer, securing operating runway until 2027. Additionally, the recently approved $165M ecosystem fund provides resources for liquidity incentives and growth ￰12￱ pending Fee Conversion proposal could redirect $90M+ in monthly protocol fees to UNI holders or reserves, significantly boosting value accrual, though delays in approval have cooled market ￰13￱ competition from PancakeSwap and Curve continues to weigh on UNI’s dominance, but Layer-2 adoption and protocol-led scaling strategies keep Uniswap well-positioned in the DeFi landscape.

Short-term outlook Looking ahead, UNI sits at a make-or-break ￰14￱ above $9.20 support could stabilize price action and set up a retest of $9.70–$9.80, with a breakout opening upside toward $10.40–$10.70. However, a breakdown below $9.00 risks weakness toward $8.80, which last acted as a strong support in ￰15￱ DeFi sentiment and Layer-2 driven liquidity growth will remain pivotal external ￰16￱ earlier analysis, UNI’s repeated rejections at $9.70–$9.80 were highlighted as the key ￰17￱ price action confirms this, with UNI slipping back under EMAs and testing critical support ￰18￱ material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our ￰19￱ we adhere to strict Editorial Integrity , this post may contain references to products from our ￰20￱ Post