UNI token is once again drawing attention. After a sharp drop to $5.80, a strong reversal has emerged — and it seems that large investors are stepping back in.
🐋 Whale Buys Over 400,000 UNI – Market Responds with Price Spike
According to data from Lookonchain, a massive transaction has been spotted:
🔹 A single whale withdrew over 401,573 UNI from Binance — worth approximately $2.46 million.
Following this move, UNI's price jumped from $5.80 to $6.30. Such a large-scale purchase suggests strong confidence that UNI could climb higher soon.
📈 Traders Betting on Upside – 78% of UNI Futures Are Long
It’s not just about spot markets. On the futures side, sentiment is clearly bullish:
🔹 78% of open positions are “long”, betting on price increases.
🔹 The funding rate has remained positive for several days.
🔹 Spot volume shows over 3.18 million UNI bought, with buying demand exceeding supply by more than 900,000 tokens.
This suggests the market is in an accumulation phase — and if the trend continues, we could see a significant breakout soon.
🔍 What’s Next? The Coming Days Will Be Key
Currently, UNI is trading around $6.30, with the $6.00 level acting as strong support.
🔹 If buying pressure holds, we could see a retest of $7.08, followed by a potential move back to the $7.60 high.
🔹 If demand weakens, however, UNI might drop back to $5.70.
The next few trading sessions will reveal whether this is a true trend reversal, or just a temporary relief bounce.
#UNI , #uniswap , #Altcoin , #cryptotrading , #CryptoNewss
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