UNI price traded near $9.61 on September 26 after advancing significantly during the third quarter. The token rallied from $2.35 to $10.85 during Q3, breaking through a descending triangle that had contained UNI since its 2021 peak.
Market data showed buyers defending the $9.33 support level with immediate resistance near $9.93. The next major hurdle sits at $12.30 on the daily chart. A move through $9.93 would reopen the path toward the recent swing high, while a breakdown below $9.33 could expose $8.37.
Momentum cooled following the sharp quarterly advance, reducing the strength of immediate continuation signals. UNI sits between a confirmed quarterly breakout and unresolved short-term resistance, with the next directional move depending on whether buyers protect $9.33 and regain $9.93.
Tokenized Stock Trading Drives DEX Activity
Tokenized stocks generated $20.9 billion in decentralized exchange volume over the latest 30-day period. Uniswap v4 led that market with a 40.7% share, while Uniswap v3 captured 19.4%. Their combined 60.1% share demonstrates that activity spans two generations of Uniswap infrastructure.
Uniswap v4 expanded its market position across a broader set of Ethereum DEX venues, reaching a 50% share across Uniswap v2, v3, v4, and Curve, up from 31% in August 2025. Over the same period, Uniswap v2's share fell from 5% to below 1%, indicating that trading activity migrated toward newer pool architecture.
Rising protocol activity provides traders with an additional operating metric alongside chart momentum, though it does not set a fixed value for UNI. The token's price action still depends on defending key support and resistance levels.
