Uniswap (UNI) fell by 1.46% in the last 24 hours, indicating a brief retreat in the midst of constant market activity as of March 3, 2026. However, the token did register an increase of 13.61% in the last week, indicating improved market conditions.
As per the data from CoinMarketCap, the token is currently trading at $3.77 as more investors enter the market. The volume in the last 24 hours has increased to $297.65 million, a 23.99% increase. The market cap is $2.39 billion, down 1.39% despite the increase in price momentum.
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Uniswap Weekly Trend Analysis and Technical Structure
On the weekly chart, UNI remains strongly in a downtrend, having reached a peak in the $11-$12 region. The price continues to form lower highs and lower lows, making a strong bearish formation.
A relief rally from the support level of $2.80 provides temporary relief, but a proper reversal will depend on a strong breakout above the $5.20 resistance level, as per the TradingView chart.
Bollinger Bands show a burst of volatility as January fades, with prices hovering close to the lower band before stabilizing.
The current uptrend is attempting to push through to the middle band at $5.20, where it faces dynamic resistance. A close above this level would indicate building momentum and a possible medium-term stabilization.
Ichimoku indicates bearish dominance as the price remains significantly below the cloud. The future cloud is painted in the color red and is thick, indicating a strong resistance level between $6.30 and $7.50.
Tenkan-sen becomes flat, and Kijun-sen remains above the price, indicating that any upmove is corrective unless UNI breaks above the cloud.
$34 Million UNI Tokens Already Burned
The latest fee switch in Uniswap’s UNIfication has quietly opened the door to a stealthy explosion of revenue. Since its launch, approximately $34 million in UNI tokens have been burned, symbolizing the engagement of the community and the efficiency of the network as a whole.
The revenue momentum is sustained, with about $27 million more in UNI burns on the horizon. This scaling venture affects eight chains, underlining the cross-chain functionality of Uniswap and adding to the long-term scarcity of the Uniswap token, which could enhance governance value and investor sentiment regarding sustainable growth.
Why This Matters
The $34 million UNI burn, coupled with an upcoming cross-chain revenue expansion, may very well help to establish or continue a sense of scarcity, increase the value of governance, and further establish investor confidence.
With weekly gains increasing to 13.61% and trading volume escalating, market participation is increasing, indicating a sense of renewed momentum for short- and medium-term traders.
Also Read: Uniswap Price Analysis: Can UNI Rally to $4.49 After $3.14 Bounce?
