Uniswap Governance Timelock recently moved 5 million UNI tokens, inciting speculation about potential price impacts. This could indicate operational moves, yet may also increase selling pressure due to a higher circulating supply.
UNI’s support currently sits at around 5.70 USD, with a break above 6.25 USD suggesting a possible rise toward 9.00 USD. Conversely, a drop below 5.70 USD might indicate weakening support, warranting attention from traders.
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