Uniswap (UNI) is on traders' radar this week as a rare bearish pattern begins to take shape—even while whales are actively buying and moving tokens. Is a storm brewing for the popular DeFi token? Let's dive in. 👇
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📊 Rising Wedge = Red Flag?
Uniswap's daily chart is flashing a classic warning sign: a rising wedge pattern. This formation occurs when price moves upward, but within converging trend lines, suggesting momentum is weakening.
👉 In most cases, a rising wedge leads to a downward breakout.
📉 If UNI breaks below the lower trendline, the price could fall to $4.60—a potential 40% drop from current levels around $7.76.
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🐳 Whale Activity Spikes
Interestingly, while the chart looks shaky, whales (large investors) are making bold moves:
🔹 Whale transactions surged 1,713% in 24 hours
🔹 Whale holdings dropped to 747 million UNI, the lowest in over a year
🔹 UNI exchange reserves jumped to 85 million—a sign that more tokens are moving to platforms, possibly to be sold
This mix of buying, moving, and reducing holdings suggests strategic repositioning—but not necessarily long-term accumulation.
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🧠 MACD Says Momentum is Slowing
The MACD indicator, a key momentum tool, is diverging from price action. While UNI has ticked up, MACD isn't keeping pace—📉 a classic signal that bullish energy is fading.
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🚦 What to Watch Now?
🔍 Factor 🚨 Bearish Signal
📐 Chart Pattern Rising wedge suggests breakdown
🐋 Whale Moves Mixed signals, but risk of dumping
💰 Exchange Reserves Sharp inflows = potential selling
📉 Momentum (MACD) Bearish divergence forming
A decisive drop below the wedge support line could trigger panic selling, while a breakout above $8.10 may cancel the bearish setup altogether.
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🧭 Final Thoughts
Uniswap is at a crossroads: 📈 technicals hint at a pullback, but 🐋 whales are stirring the pot in unpredictable ways. Whether UNI breaks down or bounces back depends on the next few days of price action and whale behavior
Stay alert, stay smart, and watch the charts! 📉📈
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