The price of Uniswap’s native token, UNI, is under significant pressure this week, trading at $9.13 following a sharp rejection at the $11 resistance zone. The market’s structural weakness—marked by persistently lower highs and lower lows—shows bears retaining control despite occasional bullish rallies.
Whale Movements Amplify Market Jitters
In a notable development, an influential whale recently deposited 100,000 UNI (valued at approximately $1.01 million) into Cow Protocol, breaking a two-month dormancy streak. This individual still retains over 1.127 million UNI, worth around $11.3 million, after their last publicized accumulation near $7.50 and partial exit at $8.70. Such concentrated movements inject additional liquidity and fuel speculation on both sides of the trade, particularly as broader crypto sentiment remains volatile.
Technical Frontlines: Make-or-Break Support and Resistance
Market participants are closely tracking the $8.85 support level, which has historically drawn short-term buyers but now finds itself increasingly fragile. Should UNI breach this threshold, further downside into the $7.00–$6.60 demand zone appears likely, a region that previously attracted significant capital inflows.
On the upside, only a sustained breakout and close above the $11 mark would shift prevailing sentiment back in favor of the bulls. This would invalidate the current downtrend and potentially open the door for a move toward higher liquidity zones above $12.20—territory where so-called “smart money” is known to accumulate.
Outlook
While whale deposits create short-term excitement, the future direction of UNI hinges on traders’ ability to defend key technical levels. Market inefficiencies and liquidity pockets are magnifying price swings, and sophisticated participants are likely to exploit these conditions as volatility persists. For now, the path of least resistance remains to the downside unless buyers stage a decisive recovery at current supports.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Investors should always conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions in cryptocurrencies, which are highly volatile and speculative assets.
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