Uniswap (UNI), one of the leading decentralized exchange tokens, is drawing attention again as both large investors and everyday traders show renewed interest. After a recent price surge and subsequent pullback, market signals suggest that UNI could be gearing up for its next move.
Whale Activity Signals Confidence
Recently, Uniswap attempted to break out of a trading range, reaching a local high of $7.60 before facing resistance and dropping to $5.80. Instead of sparking a sell-off, this dip attracted significant buying activity. Notably, a major investor purchased over 400,000 UNI tokens (worth about $2.46 million) on Binance, a move that often signals confidence in the token’s future value .
Spot Market and Futures Show Strong Demand
The spot market has seen buyers outpace sellers, with over 3 million UNI tokens bought and a positive imbalance of nearly 1 million tokens. This buying pressure is mirrored in the futures market, where more than 78% of contracts are long positions, indicating that most traders are betting on a price increase. The funding rate for UNI futures has also remained positive, reinforcing the bullish sentiment among investors.
Key Support and Resistance Levels
The $6.00 price level has proven to be a strong support zone. After bouncing from $5.80, UNI quickly recovered to $6.30, driven by increased demand from both whales and retail participants. If this momentum continues, analysts suggest that UNI could retest resistance levels at $7.08 and $7.60 in the near term . However, if buying interest fades, the price could revisit the $5.70 area.
Market Outlook and Price Predictions
Looking ahead, market forecasts for UNI remain cautiously optimistic. Some analysts predict that UNI could average around $6.85 in July 2025, with potential highs near $8.18 and lows around $5.51 . The consensus is that sustained demand and positive sentiment could drive further gains, but traders should watch for shifts in market dynamics that could trigger a pullback.
What Should Traders Watch?
• Whale activity: Large purchases can signal confidence but may also precede volatility.
• Spot and futures demand: Continued buying pressure supports higher prices, but a sudden shift could lead to a correction.
• Key price levels: Watch for support at $6.00 and resistance near $7.60.
For those considering entering the market, patience may be key as the next few sessions will likely determine whether UNI is set for a sustained rally or just a temporary bounce.
