Amid the wailing in the crypto market, UXLINK has pulled off a textbook-level reversal. The price climbed out of the 0.4567U deep pit. In the past few days, there have been sudden large transfers of millions of US dollars per day on the chain - this is not a panic sell-off by retail investors, but a declaration of value written by whales with real money.
Judging from the market, UXLINK formed an obvious bottom support near 0.4567U, and then continued to increase in volume. Generally, the appearance of a technical pattern of bottom volume increase usually heralds a shift in market sentiment and a reversal of prices. Especially in the current market environment, UXLINK's performance today was very impressive, with an increase of up to 17%.
On-chain data shows that the frequency of large transfers has increased significantly in the past few weeks, and Upbit's cold wallet holdings have exceeded 180 million. This capital flow pattern indicates that institutions and large investors are actively making arrangements. For investors, the current price range (0.8-1.2U) may be a good opportunity to build a position, especially against the backdrop of a gradual recovery in market sentiment, UXLINK is expected to usher in a new round of rising prices.
UXLINK’s strength has long been verified by the market, especially in the Korean market. Its trading volume has returned to the top three on Upbit, second only to XRP and BTC, becoming one of the “national currencies” of the Korean crypto community. Behind this status is not only the support of trading volume, but also the embodiment of its technological implementation capabilities and community consensus. The Korean community is full of confidence in the future of UXLINK, and it is generally expected that it will return to 2,000 won (about 1.37U) in the short term, and may climb to 5,000 won (about 3.4U) in the middle of the year, and is even expected to break the historical high price (ATH) within the year. This optimistic expectation is not empty talk, but is based on UXLINK's continuous breakthroughs in technology construction and market performance.
With the gradual implementation of PayFi and UXLINK One, UXLINK is not only expected to continue to consolidate its position as the "national currency" in the Korean market, but is also likely to occupy a place in the global encryption market. For investors, now may be the best time to invest in UXLINK, especially as market sentiment gradually recovers, the potential of UXLINK is worth looking forward to.