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- Whales increased UNI holdings despite the recent price pullback.
- Buyer-dominant spot demand continues supporting Uniswap’s recovery.
- A break above $4.20 could strengthen UNI’s bullish momentum.
Uniswap (UNI) is drawing renewed attention after a large investor expanded its position during the token’s recent price pullback, reinforcing signs that some market participants remain confident despite ongoing volatility.
On-chain data shows a wallet purchased an additional 50,700 UNI valued at approximately $199,820, adding to an earlier acquisition of 105,150 UNI worth 400,000 USDT made two weeks ago. The wallet now holds 155,850 UNI, acquired for roughly 600,000 USDT, with the position currently showing an unrealized gain of around 21,400 USDT.
Notably, the latest purchase came after UNI retreated from recent highs instead of during a breakout. That timing suggests a measured accumulation strategy rather than momentum-driven buying, indicating confidence that prices may have room to recover if broader market conditions improve.
Spot Demand Supports the Bullish Narrative
The whale activity has been accompanied by encouraging spot market data. The 90-day Spot Taker Cumulative Volume Delta (CVD) continues to favor buyers, indicating that aggressive buying activity has consistently outweighed aggressive selling pressure.
This trend suggests the latest accumulation is not an isolated event but part of broader demand across the spot market. Buyers have repeatedly absorbed available supply during UNI’s recovery attempts, helping stabilize price despite recent weakness.
Even so, sustained buying pressure remains essential. While spot demand has improved, it has not yet been strong enough to overcome the major resistance levels that continue attracting sellers.
UNI Faces a Critical Technical Test
From a technical perspective, Uniswap has broken above its descending price channel, ending the pattern of lower highs that defined its recent correction.
The token is now consolidating near $4.05, with previous resistance acting as short-term support. Meanwhile, the Relative Strength Index (RSI) has climbed above the neutral 50 level, suggesting buyers have regained momentum without entering overbought territory.
However, the next major challenge remains $4.20. A decisive move above that level could open the door toward approximately $4.58, while another rejection may send UNI back to test support around $4.00.
Bitcoin Outlook Remains Mixed Despite Recent Recovery
The broader crypto market continues to present mixed signals. Bitcoin recently reclaimed the $65,000 level after months of weakness, although analysts remain divided over what comes next.
Some market observers argue Bitcoin’s historical market cycles suggest another two months may be needed before a sustained bull market begins. Others point to improving behavior among short-term holders, believing stronger conviction could support a breakout if Bitcoin clears nearby resistance.
For now, Bitcoin also faces a significant hurdle between $64,000 and $65,000, where large sell walls continue limiting upward momentum.
Also Read: Uniswap Price Prediction: Why Analysts See UNI Exploding 40x to $100 by 2030
Uniswap’s latest whale accumulation, combined with buyer-dominated spot activity, points to improving market confidence after weeks of consolidation. Technical indicators also suggest momentum is strengthening, but $4.20 remains the level to watch. A successful breakout could trigger additional buying and short liquidations, while failure to overcome resistance may keep UNI trading within its current range until stronger demand emerges.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
