Key Highlights
- UNI currently trades at $8.91, posting a 0.65% daily gain amid Bitcoin’s recovery above $86,000.
- Japan’s third-largest securities firm, SMBC Nikko, has entered a memorandum of understanding with Uniswap Labs, Base, and Nyx Foundation to construct a regulatory-compliant DeFi Gateway.
- Open interest for Uniswap stands at $915 million, retreating modestly from its September peak of $971 million.
- Technical analysts identify a potential cup-and-handle formation, with key resistance positioned around $10.30.
- A falling wedge pattern on shorter timeframes suggests a potential breakout toward $11.50 if upper boundaries are breached.
Uniswap (UNI) is changing hands at $8.91 as of this writing, registering a 0.65% increase on the day. This modest uptick aligns with broader cryptocurrency market strength, driven by Bitcoin’s push back above the $86,000 threshold.
The price movement coincides with significant developments from Japan’s financial sector. SMBC Nikko Securities, ranking as Japan’s third-largest brokerage house, has formalized a memorandum of understanding with Uniswap Labs, alongside Base and the Nyx Foundation.
This collaboration aims to develop a DeFi Gateway specifically designed for Japan’s regulatory environment. The platform will leverage Uniswap v4 Hooks technology to establish liquidity pools that comply with anti-money laundering (AML) and counter-terrorism financing (CTF) requirements.
Japanese Brokerage Eyes Mid-2027 Rollout
The collaborating parties have set mid-2027 as their target launch window. Throughout the development process, updates will be provided to Japanese regulatory authorities, notably the Financial Services Agency.
Nethermind announced it will share technical leadership responsibilities with SMBC Nikko. The company’s contributions will span engineering implementation, artificial intelligence strategy development, and smart contract security auditing.
Base, the Ethereum layer-2 scaling solution developed by Coinbase, represents another key participant in this agreement. This inclusion establishes a bridge between the Japanese initiative and a leading United States cryptocurrency exchange.
This partnership builds on projections made by Standard Chartered four months earlier. The financial institution predicted Uniswap’s liquidity pools could expand their asset holdings by 37-fold by 2030, with UNI token valuations potentially climbing 40-fold over a four-year period.
According to CoinGlass analytics, Uniswap’s open interest climbed from $491 million in mid-September to reach $971 million by the month’s conclusion. Current figures show a slight pullback to $915 million.
UNI’s funding rate maintains positive territory, indicating that traders maintaining long positions continue to pay fees. However, the long/short ratio on Binance has contracted from 1.86 to 1.57, signaling that some bullish traders have closed their positions.
Technical Indicators Highlight Critical Price Zones
Daily chart analysis reveals UNI is developing what appears to be a cup-and-handle formation. The pattern identifies resistance around $10.30, representing approximately 15% upside from current levels.
The MACD indicator has crossed beneath its signal line, indicating the September uptrend may be losing momentum. The RSI currently registers 60.27, maintaining position above the neutral 50 threshold but trailing its recent average values.
CoinGlass tracking reveals liquidation concentrations forming near $8.85 on the downside and $9.35 to the upside. A move below $8.85 could initiate cascading liquidations of leveraged long positions.
Technical analyst eam LAMBO Charts posted on X that UNI “looks like it wants to make the chart ugly for bears,” highlighting a clean structural shift with $11 representing the next testing ground.
Meanwhile, analyst Crypto With Gopal identified a falling wedge pattern on the 1-hour timeframe. Gopal outlined price consolidation between $8.50 and $10, with a potential breakout objective near $11.50 should the wedge’s upper resistance fail.
Additional analyst CW noted that UNI’s net position delta has been increasing during sideways price action, interpreting this as evidence of strengthening upward momentum.
For the immediate term, UNI must regain the $9.16 level and push through $9.35 resistance to establish a foundation for challenging the $10.30 zone.
The post Japan’s SMBC Nikko Selects Uniswap (UNI) v4 for Compliant Liquidity Pool Infrastructure appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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