Unichain leads all EVMs with a 32% increase in transaction growth, despite a 4.1% decrease in the number of addresses.
UNI is facing strong resistance at the $7.6–$7.8 area as whales are still not actively accumulating.
Uniswap's [UNI] Unichain has quickly risen to the top of EVM chains in terms of transaction growth, recording a significant 32% increase despite a 4.1% decrease in active addresses.
This divergence reflects the trend of users trading more frequently, possibly due to new incentives or efficient protocols being implemented.
As of the time this article was written, UNI is trading around $7.58 after increasing by 5.33% in the day, showing that high usage levels are significantly impacting market sentiment.
The question arises: Is this upward trend sustainable or just a short-term speculative phenomenon?
Could UniswapX with gasless limit orders be the next price-driving force for UNI?
The introduction of gasless limit orders from UniswapX has sparked a wave of optimism within the ecosystem.
This utility opens up a new experience for traders: placing buy and sell orders without incurring gas fees, while leveraging liquidity from both on-chain and off-chain to optimize order matching.
If widely embraced by the community, this upgrade could help Uniswap excel in the DEX 'race' by reducing transaction costs and increasing execution efficiency. Consequently, UNI will benefit from a wave of utilitarian demand, reinforcing its position in the cryptocurrency market.
Although the new feature is still in its early stages, it aligns with Uniswap's spirit of innovation and is likely to attract both retail and institutional capital seeking superior capital efficiency.
Could the hesitation of large investors hinder UNI's short-term progress?
Despite price signals trending upward, the net cash flow of large wallets remains highly volatile, reflecting conflicting emotions from sharks.
According to the last 30-day statistics, net outflows have decreased sharply by 93%; while the 90-day index recorded a decrease of over 150%. These fluctuations reflect the trend of profit-taking or intentional capital withdrawal, even as prices continue to grow.
A lack of stable accumulation from key addresses will be a barrier to UNI's upward momentum unless this signal reverses more positively.
Source: IntoTheBlock
Additionally, UNI also recorded a significant outflow of funds from exchanges, increasing by 50.6%, in contrast to a 19.5% decrease in inflows.
This phase shift indicates that investors are leaning towards transferring coins to self-custody wallets or staking, rather than keeping them on exchanges, contributing to reduced immediate selling pressure.
This behavior often signals a potential price increase, as dwindling supply on exchanges indicates strong growth expectations.
Will the liquidation clusters above $7.6 be a breakout zone or a trap?
The heatmap analysis of liquidations on Binance shows large short orders interspersed at price levels of $7.6 and $7.8 – these 'magnet zones' often trigger strong price movements.
If UNI breaks through these levels with sufficient momentum, a wave of forced buying (short squeeze) could push prices higher.
However, failing to successfully break through these zones may easily signal weakness, leading to technical corrections.
Source: CoinGlass
The funding rate adjusted by OI (Open Interest-Weighted Funding Rates) remains positive, reflecting a gentle long bias in the derivatives market.
Currently, the funding rate is at +0.0062%, indicating that buyers are reinforcing their confidence without relying on high leverage, which helps stabilize the upward trend and limit the risk of mass liquidations.
Is UNI continuing to climb or just experiencing a short-term spike?
Unichain leads in transaction growth, and the UniswapX upgrade drives new user traffic, but UNI still faces strong resistance in the $7.6–$7.8 range.
The hesitation from whales increases uncertainty, which could stifle the upward trend if large investors do not return to accumulate.
To maintain momentum, UNI needs to surpass key technical levels while keeping its appeal to the community and maintaining vibrant on-chain activity.
The next movement depends on the bulls' ability to convert current momentum into a solid breakout, based on confidence and actual cash flow from the cryptocurrency capital market.
Source: https://tintucbitcoin.com/uniswap-uni-phat-tin-hieu-tang-manh/
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