As of 5 February, 2026, Uniswap (UNI) continues its downward price trend, extending recent selling momentum. Over the past 24 hours, the token has fallen nearly 4.92%, signaling renewed market activity. On a broader scale, the token recorded a significant weekly decline of 21.57%, according to the CoinMarketCap data.
At the time of writing, the token is trading at $3.65, supported by growing market activity. Its 24-hour trading volume stands at $349.69 million, up 12.72% daily. Meanwhile, market capitalization is valued at $2.32 billion, reflecting a 4.94% decrease as selling pressure intensifies.
Also Read: Uniswap (UNI) may reach $8.70 target if buying momentum continues
Technical Levels Suggest Cautious Accumulation
According to Crypto Analyst Butterfly, UNI on the weekly timeframe remains in a long-term range after the 2021 peak near $45. Price is currently reacting inside a well-tested macro support zone between $3.3–$4.2, which has held multiple times since 2022. The recent downside wick suggests a liquidity sweep and demand absorption at range lows.
As long as the token holds above $3.3 on a weekly close, a mean-reversion move is favored. Initial upside targets are $4.8–$5.2, followed by the range high near $6.0–$6.5. A confirmed breakout above $6 opens higher targets at $7.5, $9–$11, and ultimately $18–$22.
This bullish argument would fail if the token continues to trade solidly below $3.30 and cannot re-establish the support band. If this scenario plays out, the next levels to watch for a breakdown would be $2.60, then $2.00, and an extreme move would be seen if the token reaches $1.50.
Indicators Confirm Bearish Momentum
From a technical perspective, the UNI weekly chart, with RSI (14) near 32, is just above the oversold level. This indicates that, despite sales remaining active, there is a sense that the sales momentum is slowing down. However, as can be seen from the TradingView chart, buyers are still not in control.
The MACD is still in a bearish position, with the MACD line remaining below the zero line and also below the signal line. The histogram is still in the red and is widening, indicating the strength of the bearish momentum. Until the histogram bars start to contract or a bullish signal appears, the MACD is indicating that the trend is still down.
Why This Matters
The token is also testing an important support level at $3.3. If this level is breached, significant losses are expected for short-term traders.
Holding above this level could be seen as an opportunity to accumulate the asset cautiously, and could be an indication of the price rising to the $4.8 to $5.2 mark.
Also Read: Uniswap (UNI) Enters Bearish Phase Despite OKX Integration Boost
