bullish

Uniswap

Prime

Resistance

<ul class="wp-block-list">
 <li>Whales and Uniswap team wallets are moving millions in UNI, signaling increased market activity and institutional interest.</li>  
 <li>UNI breaks out of a descending channel, eyeing a 16.26% rise to $19 after consolidating above key support levels.</li>  
 <li>Dormant Uniswap wallets awakening, depositing $221M in UNI, hinting at strong market confidence and potential upside for UNI.</li> 
</ul>  
<p>Uniswap has seen market activity recently, driven by institutional deposits and whale movements. According to <a href="https://x.com/spotonchain/status/1869196600213655971" target="_blank" rel="noopener noreferrer nofollow">Spot On Chain</a>, in the past two days, whales have made large transactions, impacting the exchange landscape. One notable transaction involved a whale wallet, “0x59a,” with a portfolio valued at $89.4M. This whale deposited 1.495 million UNI tokens ($24.3M) to Binance, securing an impressive $13.7M profit (+129%) after five months.</p>  
<p>Additionally, a wallet linked to the Uniswap team, “0xa37,” transferred 4.99 million UNI tokens ($80.79M) to Coinbase Prime after being dormant for over four years. This move happened 25 hours ago, leaving behind a sizable 4.01 million UNI ($65.7M). Since July 4, three Uniswap-related wallets have awakened, depositing a total of 22.99 million UNI ($221.85M) to Coinbase Prime. These wallets used an average <a href="https://coinmarketcap.com/currencies/uniswap/" target="_blank" rel="noopener noreferrer nofollow">price</a> of $9.648 for their deposits.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/spotonchain/status/1869196600213655971
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</figure>  
<h2 class="wp-block-heading" id="h-chart-analysis-uni-usdt-bullish-breakout">Chart Analysis: UNI/USDT Bullish Breakout</h2>  
<p>As Uniswap shows signs of institutional interest, its price action has also been moving favorably. On the 1-hour chart for UNI/USDT on KuCoin, the price recently broke above a descending channel, indicating a bullish shift. The price broke out near the $16.2 mark, following a period of consolidation. After the breakout, the price tested key horizontal support and resistance zones, which reinforced the bullish outlook.</p>  
<p>Moreover, a vertical price target suggests a potential 16.26% upward movement, targeting a price above $19. There are consistently higher lows, signaling gradual upward strength. This further <a href="https://cryptonewsland.com/ethereum-bulls-face-critical-3300-support-test-amid-bearish-sentiment/" target="_blank" rel="noopener noreferrer nofollow">supports the bullish sentiment</a> as UNI/USDT has seen increased volatility and upward momentum after a prolonged downtrend. A support trendline around $15.5 has also helped to hold the price above key levels, strengthening the rally.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf7w03Ku44g5RUxf56DcTBc5npYOpksxkXDTpCeZE_YltUJVDbNJYSXoPqR-__ez3yZiO_8senMv4WitmqudWXv1_BTOIhB8VHTxoLP8WqZb98lXh9GZlRHknNS8cqY4Pq1TScT9w?key=GB05nh6mX9viMbkZMVnoHp_T" alt="">
</figure>  
<p>Source: <a href="https://x.com/WorldOfCharts1/status/1869277438095852005" target="_blank" rel="noopener noreferrer nofollow">World Of Charts</a></p>  
<h2 class="wp-block-heading" id="h-key-support-and-resistance-levels">Key Support and Resistance Levels</h2>  
<p>The technical chart further confirms the shift in market structure. Once resistance levels, both horizontal and diagonal, have turned into support, they now provide strong buying pressure. This transition is <a href="https://cryptonewsland.com/uniswap-uni-poised-to-surge-over-15-amid-bullish-technical-indicators-and-strategic-integrations/" target="_blank" rel="noopener noreferrer nofollow">important for the market's bullish outlook</a>.&nbsp;</p>  
<p>Should this momentum continue, UNI/USDT may continue to test the $19 region, as per the price projection. The combination of whale movements and favorable technical indicators points to a positive outlook for Uniswap in the near term.</p> 
<p>The post <a href="https://cryptonewsland.com/uniswap-sees-increased-activity-as-whale-and-dormant-wallets-move-funds/" rel="noopener noreferrer nofollow">Uniswap Sees Increased Activity as Whale and Dormant Wallets Move Funds</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Uniswap Sees Increased Activity as Whale and Dormant Wallets Move Funds

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