Uniswap Whale Awakens — Is a UNI Rally to $18 Incoming?

robot
Abstract generation in progress

Dormant Uniswap whale returns with a $3.97M buy at $5.99 per UNI.

UNI price rises 12%, trading volume spikes to $307 million.

Bullish chart patterns suggest a possible UNI rally toward $15–$19 range.

After 3 years of silence, a Uniswap — UNI, whale stirred again. Traders had charts lighting up green. UNI soared 12% and trading volume exploded to $307 million. This was no ordinary move. This was a signal. Whales don’t swim without reason, and now, everyone’s watching UNI with wide eyes and high hopes.

Dormant No More — A Whale Returns

Lookonchain dropped the alert. A Uniswap whale, inactive since 2021, made a $3.97 million play. This early morning move wasn’t subtle. The whale snapped up 662,606 UNI at an average price of $5.99. With prices sitting above $6.50, that wallet now holds an unrealized profit of about $42,000. In 2020, it bought UNI at $3.87 and later sold near $42.88. The return now suggests more than profit. It suggests conviction.

Rose Premium Signals stepped in with more fuel. They spotted a massive cup pattern on UNI’s weekly chart. For those unfamiliar, that pattern often hints at big breakouts. Their analysis pegs $15.16 as the first target, followed by a potential surge toward $19.34. The timing couldn’t be juicier. Uniswap recently became the first decentralized exchange to hit $3 trillion in cumulative volume. That’s not a milestone. That’s a monument.

Can the Chart Carry the Charge?

UNI's daily chart shows signs of heat without burning out. The RSI currently sits at 57. That’s a sweet spot — bullish, but not overbought. It signals momentum, with plenty of space left for growth. Bollinger Bands just started to widen. The price now floats above the middle band, showing strength. A breakout past $7.39, near the upper band, could trigger more buying. If that happens, the next resistance zone waits at $8.00.

But not everything is champagne and rockets. A slip below the lower band at $5.21 may sour the mood. That could stir doubts, especially among retail traders who chase green candles. Still, one indicator keeps whispering good news — the Accumulation/Distribution line. It’s creeping higher. That means inflows are beating outflows. Smart money appears to be sneaking in, slowly but surely.

This whale’s move doesn’t just reflect belief. It stirs emotion. It wakes curiosity. And it could wake a sleeping giant of a rally. UNI sits at a crossroads. A whale has spoken, and price action follows. Bullish patterns align with strong indicators. Volume’s up, momentum builds, and optimism returns. For now, the tide seems to have shifted. And when whales swim, the waves ripple across the market.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
TheFiveBrothersvip
· 05-31 06:21
Quick, enter a position! 🚗
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)