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- UNI whale sold 408,557 tokens, locking $180K loss.
- Support at $9.18 critical; resistance at $12.21 next target.
- Sell-side dominance and liquidation zones increase volatility.
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A major Uniswap (UNI) whale has stirred the market by moving 408,557 UNI tokens worth $3.93 million to Binance, having purchased the same amount for $4.11 million at $10.06 just weeks ago. The transaction locked in a $180K loss, signaling waning confidence among large holders and potentially foreshadowing increased volatility across UNI markets.
Whale Moves and Market Implications
The recent whale exit reflects mixed interpretations. Some traders view it as distribution pressure, while others see it as a short-term capitulation event. Historically, such large-scale movements have coincided with sharp price swings and heightened uncertainty, making it a critical signal for traders monitoring UNI’s near-term trajectory.
Technical Landscape: Can UNI Sustain Its Channel?
UNI has been trading within an ascending channel, currently holding above $9.18 support, with deeper protection around $7.65. Resistance lies at $12.21, which may act as the next upside target if buyers reclaim momentum.
Technical indicators, however, suggest indecision. The DMI and ADX readings indicate neither bulls nor bears maintain strong directional control, leaving UNI in a delicate position. While channel structures typically favor continuation, confirmation is essential for a decisive trend.
Persistent Sell-Side Pressure Limits Upside
Spot Taker CVD data points to sustained sell-side dominance, with sellers outweighing buyers over the past 90 days. This persistent selling limits momentum and often suppresses rallies, keeping UNI in a cautious trading environment. Buyers must overcome this imbalance to secure lasting gains; otherwise, the token risks continued sideways pressure or retracement.
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The Binance UNI/USDT liquidation map reveals dense clusters around $9.88, where both long and short positions are vulnerable. Price movements toward $9.93–$10.08 could trigger abrupt long liquidations, while a breakdown below $9.18 may amplify downside risks. As a result, UNI’s price path remains highly sensitive to liquidation dynamics, driving sharp swings.
UNI stands at a crossroads, balancing whale exits, ongoing sell pressure, and fragile technical momentum. A rebound toward $12.21 is possible if buyers defend $9.18, but failure could see the token slide toward $7.65, highlighting the importance of trend confirmation in the coming sessions.
Also Read: Uniswap [UNI] Price Drops Below $10 as Whales Signal Potential Q4 Reversal
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.
