Uniswap has broken above a long-standing descending trendline, signaling an improvement in its broader market structure. A successful retest could strengthen the recovery setup, while rising USDG DEX activity further highlights growing trading activity on Uniswap and increasing stablecoin usage across decentralized markets.
As of now, according to CoinMarketCap data, UNI is trading at the price of $9.24, with an increase of 4.68% in the past 24 hours and up 43.68% over the past week.
Uniswap Breaks Long-Term Trendline as UNI Structure Improves
According to a prominent crypto analyst, Giannis Andreou, Uniswap (UNI) has finally broken above a major descending trendline that had capped its price for years. The breakout signals the first notable improvement in its long-term structure, although the broader trend remains cautious after UNI formed a lower low below its 2022 bottom.
The analyst identified the $6–$7 area as an important zone to watch following the breakout. If UNI returns to this range and successfully holds it as support, the previous resistance could turn into a strong foundation for further gains and provide confirmation that the latest move has genuine strength.
However, short-term volatility could still push UNI toward the $6–$7 zone, particularly during the U.S. trading session. If the retest holds, $12 could emerge as the first major target. A sustained move above that level could then shift attention toward the next resistance zone around $19–$20.
Beyond $19–$20, continued improvement in UNI’s market structure could open the path toward the $30 area. Nevertheless, the setup depends on the breakout holding and further resistance levels being reclaimed. The analyst stressed that this roadmap represents a technical scenario rather than a guaranteed outcome or investment recommendation.
USDG DEX Volume Surges on Record September Activity
The data from the Token Terminal further highlights a sharp rise in USDG’s DEX trading activity. The Paxos-issued stablecoin has recorded $40.6 billion in total DEX volume, with September alone contributing around $21.8 billion, accounting for more than half of its cumulative activity.
The strong increase shows that USDG trading has accelerated significantly compared with previous months. The chart indicates relatively limited activity through much of 2025 and early 2026 before volume began rising sharply, culminating in a major spike during September.
Uniswap has handled most of this recent activity, with V3 and V4 together accounting for around 98% of USDG’s September DEX volume. Other venues, including Orca Whirlpool, AlphaQ, Raydium, Meteora, and ZeroFi, contributed considerably smaller portions of the overall trading activity.
