Testing Uniswap’s support at $9.18: Will whales rescind or drown Uniswap?

Recent whale selling led to the deposit of 408,557 UNI tokens to Binance, resulting in a locked-in loss of 180,000 USD. This trend reflects waning confidence in UNI’s current market valuation.

As UNI struggles near the 9.18 USD support level, there’s a tangible risk of further declines toward 7.65 USD. Market analysis shows volatility amid liquidation zones around 9.88 USD, with strong sell-side pressure challenging upward momentum.

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