Uniswap – How this key support could fuel UNI’s move to 12.00 USD

Whales have withdrawn 408,557 UNI, signaling increased confidence among holders. This combined with a 4.18% drop in exchange reserves indicates a potential supply squeeze that could elevate UNI’s value.

UNI is trading at approximately 9.58 USD, above the critical support level of 8.72 USD. If this support holds, price targets could reach 12.32 USD, 15.33 USD, and 18.00 USD.

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