Leading DeFi decentralized exchange (DEX) Uniswap’s native UNI token is seeing renewed interest from crypto market participants. The token has risen about 19.5 percent over the past week, and received a major institutional nod of approval on Monday.
UNI ready for a 100 percent rally?
In what could be dubbed as a potential beginning of revival for the DeFi space, banking giant Standard Chartered forecasted that UNI token could surge as high as $100 by 2030.
The bank also gave a 2026 target of $6.50 for the digital asset, implying a 150 percent price increase from current levels. As of Monday, UNI is trading slightly above $3, up almost 11.9 percent over the past 24 hours.
In an X post on Tuesday, crypto analyst World of Charts remarked that UNI is fast approaching a major confluence zone where the long-term descending trendline is meeting the strong horizontal resistance, as highlighted in the below chart.
For the uninitiated, a confluence zone is a price area where multiple technical indicators or support/resistance levels overlap, making it more significant than a single indicator alone.
For example – in UNI’s case – when a long-term trendline, horizontal resistance, and a key moving average all converge near the same price, traders start to expect a stronger reaction or breakout from that zone.
The analyst added that a clean breakout from this area could trigger a “significant bullish move.” Specifically, it could lead to a potential 100 percent rally in the coming months, which would propel UNI to $6, and closer to Standard Chartered’s 2026 year-end $6.50 target.
Things falling in place for UNI
Besides the ambitious Standard Chartered prediction, several other data points suggest a positive outlook toward UNI. For instance, on June 4, the UNI token burn hit a new all-time high, adding to the supply-scarcity narrative for the digital asset.
On May 6, Uniswap hit the milestone of recording $3 trillion in all-time trading volume on the Ethereum mainnet. In the same vein, exchange data also shows positive signs with UNI withdrawals from Binance recently hitting their highest level since November 2025.
That said, capital is still yet to catch up with positive Uniswap metrics. According to data from DefiLlama, the total value locked (TVL) on the DEX is currently hovering around $2.87 billion, significantly low from the $6.72 billion recorded in October 2025.
