DeFi · rank #23

Uniswap UNI

UNI cycle analysis · chart, confirmed lows and fundamentals

$7.54+1.5% 1d+4.8% 7d-16.1% 30d

Watch Recovering held Phoenix · monthly · score 49.0 mixed

31.1% below its 365-day high of $10.93 (2026-09-23), +225.4% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
2.396.6718.622024-112025-102026-10peak 19.47low 2.32 (88%)false bottommonthly trigger 3.72
Where it stands

On the Watch.

Held on the Watch: it last met the Watch rules on 2026-10-18. Today it meets no tier rule; a tier moves down only after five consecutive scans below its rules.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +225.4% above the Jun 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 1

Last bars
2Dr 2Ug 2Ug 2Ug 1r
Confirmed low
$2.32 · 2026-06-30
Position
4 of median 7.5 (max 19)
Current low
$2.32 · confirmed
Cycle-low confidence
41% · in band
Confirmed lows
9

Weekly 1

Last bars
2Ug 2Dr 2Dr 2Dr 1g
Confirmed low
$3.16 · 2026-08-16
Position
10 of median 5 (max 14)
Current low
$6.74 · unconfirmed
Confirms above
$7.83
Cycle-low confidence
62% · in band
Confirmed lows
58

Daily 2U

Last bars
2Dr 3g 2Ug 3g 2Ug
Confirmed low
$7.08 · 2026-10-20 (daily)
Position
1 of median 4 (max 21)
Current low
$6.78 · confirmed
Cycle-low confidence
44%
Confirmed lows
418
The full read, in sentences
  • Monthly: forming bar is a red inside bar. Last confirmed swing low 2.32 (Jun 2026), month 4 of a cycle that has typically run 7.5. Cycle-low confidence 41%.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 3.16 (Aug 2026), week 10 of a cycle that has typically run 5. Current low 6.74 is unconfirmed — it confirms above 7.83. Cycle-low confidence 62%.
  • Daily: bar is a green 2-Up. Last confirmed swing low 7.08 (2026-10-20), day 1 of a cycle that has typically run 4. Cycle-low confidence 44%.
  • Watch: 31% below the 2026-09-23 high; +225% off the 365-day low.
  • Phoenix: 88% decline over 18 months, monthly swing low confirmed (next-bar), now +225% above the trough; pullback #3 confirmed 2026-08-23.
  • Gauges: Mayer multiple 1.67 (neutral); +10% vs the 200-week average; -82% from the all-time high.

Has Uniswap bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the UNI snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $2.32 from 2026-06-30. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $3.16 from 2026-08-16. A newer candidate at $6.74 is unconfirmed; its confirmation level is above $7.83, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $7.08 from 2026-10-20. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Uniswap below its high?

The Coinbase price snapshot is 31.1% below its rolling 365-day high of $10.93 from 2026-09-23. Separately, CoinGecko reports -83.2% relative to its all-time high of $44.92 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Phoenix monthly → Watch; recovering · Phoenix monthly
  2. First observed: Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$19.47 · Dec 2024
Trough
$2.32 · Jun 2026
Decline
-88.1% over 18 months
Above trough
+225.4%
Monthly
confirmed (next-bar) · trigger $3.72
Weekly
confirmed (late (2 bars))
False bottom
$4.55 · Apr 2025 (4 higher highs, then undercut)
Entry
pullback #3 low $3.16 confirmed 2026-08-23 · trigger $4.09
Score 49.0
decline29.0
confirmation25
earliness0
stale-15
false bottom10
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health89 / 100 · Strong
Liquidity (24h volume / market cap)
can you get out
9.22 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.42 x11.9 / 15
Size (market-cap rank)
survivorship
23 #12 / 15
Age on Coinbase
survived a cycle
6.1 yrs10.0 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$5.66B
Fully diluted
$8.04B
24h volume
$522.4M
Circulating
625,218,423 of 1,000,000,000 max
All-time high
$44.92 · 2021-05-02 (-83.2%)
Mayer multiple
1.667 · neutral
vs 200-week avg
+10.2%
Pi cycle
0.6
On Coinbase since
2020-09-17 (2226 bars)
CoinGecko id
uniswap

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources