A prominent whale acquired 401,573 UNI tokens for 2.46 million USD, indicating strong market confidence. This significant purchase led UNI’s price to rise from 5.80 USD to 6.30 USD.
With over 78% of Uniswap futures positioned long, market sentiment remains predominantly bullish. Spot volumes reflect strong buyer dominance, suggesting robust demand for UNI.
If UNI maintains support at 6.00 USD, potential resistance testing at 7.08 USD and 7.60 USD could occur. However, decreased demand may result in a pullback towards 5.70 USD, highlighting the need for caution.
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