UNI has reclaimed the 200-day moving average and formed a golden cross.
In the first half of 2026, UNI experienced a significant decline. After breaking below the $5 support in January, the price fell back to around $3 in early February, remaining in that area until May. Selling pressure intensified in June, breaching the $3 support and driving the price down to a low of $2.30 at one point.
From late June to late July, UNI rebounded to $4.44, but failed to hold above the 200-day Exponential Moving Average (EMA) after its initial breakthrough. Entering August, the price retested the uptrend line that has remained intact since June, before breaking above $4.50 again.
Currently, UNI has reclaimed the 200-day moving average, with the 50-day and 200-day moving averages forming a golden cross. If the price can consistently hold above $4.50 with subsequent volume support, it could potentially advance toward $7 or higher in September.
A break below $3.70 could see bears regain control.
The premise for the bullish structure is the conversion of resistance near $4.50 into support. If UNI fails to hold above $4.50 and further breaks below $3.70, selling pressure could re-intensify, potentially leading to a retest of the $3 zone or lower.
From a longer-term structural perspective, UNI is still near the multi-year demand zone between $1.80 and $4.50. This area served as the launchpad for the 2021 bull run, after which UNI surged to its all-time high of $44.50.
The price returning to this foundational demand zone five years later might indicate accumulation by long-term capital. However, significant descending triangle resistance remains overhead. A gradual recovery in 2026 is more likely than a straight vertical rally without pullbacks.
2026 high projected at $10, long-term prospects still require fundamental support.
Coinpedia forecasts UNI's potential price range for 2026 to be between $2.82 and $10, with an average price around $5. For 2027, the projected range is $7 to $13.50, and for 2030, it's $12 to $32.
On-chain data shows some large holders have reduced positions in the short term, but mid-sized investors holding between 100 and 100,000 UNI continue to absorb supply. The 30-day MVRV has turned positive again, while the 365-day MVRV is approximately -46%, indicating long-term holders are still facing significant unrealized losses.
The most critical level remains around $5. Holding above $5 could allow the golden cross and 200-day MA breakout to continue attracting trend-following capital. A drop back below $4.50 would warrant caution for the market re-entering a consolidation phase.
