- Uniswap (UNI) is showing strong signs of a bullish breakout, driven by whale accumulation, rising user activity, and positive funding rates.
- However, a decisive move above the $7.50 resistance is needed to confirm a full trend reversal.
Whale Accumulation Signals Institutional Confidence
Uniswap’s native token UNI has shown signs of recovery, bouncing 5.40% off the $5.60 support level following a prolonged downtrend. This upswing, supported by rising volume and technical momentum, could mark the beginning of a trend reversal. A key driver appears to be whale accumulation. According to IntoTheBlock, large transactions have surged significantly—transfers between $1 million and $10 million increased by 200%, while smaller retail trades under $1,000 declined by over 20%. This divergence highlights a growing shift toward smart money involvement, often a precursor to larger market moves.
User Activity and Funding Rates Add Bullish Fuel
On-chain metrics point to renewed interest in the Uniswap ecosystem. The number of new addresses jumped 66.12%, while active addresses grew 19.39% in the past week, signaling increased participation. This growth in network activity reflects a healthier user base and strengthens UNI’s price resilience. Meanwhile, the OI-weighted Funding Rate stands at +0.0056%, showing traders are paying to hold long positions—another bullish signal. Though not extreme, consistent positive funding indicates sustained confidence, especially when paired with price stability.
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Pressure Builds Within a Tight Trading Range
UNI has traded between $5.50 and $7.50 for over two months, establishing a clear consolidation zone. Technical indicators such as the MACD suggest a bullish crossover could be on the horizon. Coupled with whale accumulation, address growth, and a positive Funding Rate, market conditions appear ripe for a breakout. However, a decisive close above $7.50 is needed to confirm a full reversal. Until then, UNI remains in a holding pattern, albeit one increasingly tilted in favor of the bulls.
Uniswap’s current setup—backed by whale accumulation, surging user activity, and strong technicals—points to mounting breakout potential. While the $7.50 resistance remains a key hurdle, the growing signs of institutional interest and positive sentiment suggest UNI may soon exit its consolidation phase with upward momentum.