UNI trades between $3.80 support and $4.10 resistance as an ascending triangle forms, setting the stage for a possible breakout.
Uniswap’s UNI token continues to trade within a tight price range as traders wait for a clear breakout. Price movement has slowed in recent days as the market forms a compressing pattern on the charts. Such periods often appear before a strong move in either direction.
Uniswap Holds Key Support as Ascending Triangle Builds Breakout Pressure
According to crypto analyst Ali Martinez, UNI is currently consolidating within an ascending triangle pattern. This structure forms as rising support pushes the price closer to a flat resistance level.
Uniswap $UNI consolidates in an ascending triangle, hinting at a 30% price move.
The price action is currently trapped in a "no-trade zone" between critical resistance at $4.10 and ascending support at $3.80.
A definitive four-hour candle close above the $4.10 horizontal cap… pic.twitter.com/qRoh6SF0Kg
— Ali Charts (@alicharts) March 15, 2026
At the moment, UNI trades inside what Martinez describes as a “no-trade zone.” Resistance sits near $4.10, while ascending support holds around $3.80. As a result, the range continues to tighten as buyers and sellers compete within the structure.
Momentum indicators also point to a neutral market. The relative strength index currently sits in the mid-40 range, showing weak momentum. However, selling pressure has stabilized rather than increased. Such RSI behavior often appears when markets pause before a larger move.
Image Source: TradingView
A confirmed breakout above resistance could shift the outlook. Martinez explains that a four-hour candle close above $4.10 would confirm the bullish setup. In that case, UNI could move toward a liquidity area between $5.00 and $5.30.
Network Activity Remains Strong as UNI Tests Key Support Levels
Derivative market data adds context to the setup. Liquidation charts show several spikes in long liquidations during UNI’s earlier drop toward the $3 to $3.50 region.
Those liquidations forced many leveraged long positions out of the market. With much of that leverage now cleared, price consolidation may reflect a market reset before the next move develops.
Image Source: CoinGlass
Still, downside risk remains if support fails. Martinez warns that a break below the $3.80 support level would invalidate the triangle structure. Under that scenario, UNI could fall roughly 30%, potentially returning to February lows near $2.80.
Activity on the protocol remains strong despite the price consolidation. The decentralized exchange Uniswap has processed more than $4 trillion in cumulative trading volume.
Current data shows around $2.4 billion locked in the protocol and roughly $2.6 billion in daily swap volume. Until UNI breaks above resistance or below support, traders are likely to remain cautious while waiting for the next clear direction.
