Whales are taking action
UNI needs to shake three times!
News:
Whales entering + protocol upgrade
UNI poised for action
Giant whale large-scale bottom buying: On June 16, a mysterious whale withdrew 1.43 million UNI from Binance in one go, deposited it into AAVE as collateral, and borrowed 5.5 million USDC to recharge back to the exchange. On-chain analysts speculate that this move indicates leveraged long positions on UNI, releasing a strong bullish signal.
Protocol destruction surge: Uniswap has destroyed 2,791 ETH in the past 30 days, making it the DEX with the highest destruction volume on the Ethereum chain, highlighting ecological activity and deflationary potential.
UniswapX major upgrade: On June 24, the team launched a new trading engine, optimizing quote speed and MEV protection, which may enhance user experience and attract incremental funds.
Technical analysis: Battle for key breakout levels
Bollinger Bands opening for a charge: The price is closely touching the upper band at 7.72, with the Bollinger Bands narrowing, indicating increased volatility—breaking out will open up space, while a pullback will test the 7.35 mid-band support.
MACD golden cross emerging but lacks momentum: The fast and slow lines have crossed above the zero axis, green bars are appearing but not increasing in volume, confirmation of the trend requires more volume.
Volume-price divergence concerns: On June 16, when the price surged to 7.72, trading volume decreased; if this trend continues, it may struggle to maintain the high level.
