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Cryptorank
MainNewsDormant Unis...

Dormant Uniswap Whale Returns After 3 Years, UNI to $18 Soon?


by Parth Dubey
for Coinspeaker
Dormant Uniswap Whale Returns After 3 Years, UNI to $18 Soon?

Uniswap UNI $5.36 24h volatility: 0.6% Market cap: $3.22 B Vol. 24h: $165.66 M is currently trading around $6.55, up by 12% in the past 24 hours. It has also recorded a 60% increase in its trading volume, currently sitting at $307 million.

This renewed excitement around UNI coincides with a notable whale re-entry. Blockchain tracker @ai_9684xtpa reported that a Uniswap whale, dormant for three years, returned with a $3.97 million move earlier today.

The whale purchased 662,606 UNI tokens at an average price of $5.99. At the current market price above $6.5, it is already sitting on an unrealized profit of around $42,000.

This whale netted $17.6 million in profit by buying UNI at $3.87 in 2020 and exiting at the 2021 all-time high of $42.88. This new position, though modest compared to the whale’s previous profits, could signal fresh confidence in the token’s long-term outlook.

Crypto insights platform Rose Premium Signals noted on X that Uniswap is showing signs of a massive cup formation on the weekly chart, a classic bullish setup. According to them, if this structure plays out, UNI could target $15.16 and even push to $19.34 in the coming months.

Earlier this month, Uniswap became the first decentralized exchange to surpass $3 trillion in cumulative trading volume.

UNI Price Outlook

On the daily UNI price chart, the RSI currently stands at 57, indicating moderate bullish momentum without entering the overbought region. This suggests further room for upside if buying pressure persists.

UNI price chart with RSI and Bollinger Bands | Source: Trading View

Bollinger Bands are starting to widen after a period of contraction, with price hovering just above the middle band (20-day SMA). If UNI breaks above the upper band near $7.39, traders could see a stronger rally toward the next resistance at $8.00.

However, a drop below the lower band at $5.21 might trigger bearish sentiment.

Meanwhile, the A/D indicator is gradually rising, suggesting more inflows than outflows and that smart money might be building positions quietly.

UNI price chart with Accumulation/Distribution | Source: Trading View


Note: this is a sponsored message from our partners

🔥Bitcoin Bull ($BTCBULL) Presale Heats Up

As the market sustains its upward momentum, a new meme coin, Bitcoin Bull ($BTCBULL), is attracting considerable attention due to its distinctive presale and reward structure. The token’s incentive system is directly linked to incremental increases in Bitcoin’s BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B market valuation.

$BTCBULL Reward System and Presale

For every $25,000 jump in Bitcoin’s value between $100K and $250K, BTCBULL holders unlock new benefits like token burns and BTC airdrops. The biggest reward is set for when Bitcoin hits $250K.

BTCBULL Presale Details:

  • Token Price: $0.00253
  • Funds Raised: $6.37 million
  • Payment Methods: ETH, USDT
  • Ticker: BTCBULL

The Bitcoin Bull team has already raised over $6.37 million in BTCBULL presale. BTCBULL’s value is set to rise in less than a day, making now a greaet time to get in early. As Bitcoin continues to go up in full force, early holders are eyeing major upside.

The post Dormant Uniswap Whale Returns After 3 Years, UNI to $18 Soon? appeared first on Coinspeaker.

Read the article at Coinspeaker
MainNewsDormant Unis...

Dormant Uniswap Whale Returns After 3 Years, UNI to $18 Soon?


by Parth Dubey
for Coinspeaker
Dormant Uniswap Whale Returns After 3 Years, UNI to $18 Soon?

Uniswap UNI $5.36 24h volatility: 0.6% Market cap: $3.22 B Vol. 24h: $165.66 M is currently trading around $6.55, up by 12% in the past 24 hours. It has also recorded a 60% increase in its trading volume, currently sitting at $307 million.

This renewed excitement around UNI coincides with a notable whale re-entry. Blockchain tracker @ai_9684xtpa reported that a Uniswap whale, dormant for three years, returned with a $3.97 million move earlier today.

The whale purchased 662,606 UNI tokens at an average price of $5.99. At the current market price above $6.5, it is already sitting on an unrealized profit of around $42,000.

This whale netted $17.6 million in profit by buying UNI at $3.87 in 2020 and exiting at the 2021 all-time high of $42.88. This new position, though modest compared to the whale’s previous profits, could signal fresh confidence in the token’s long-term outlook.

Crypto insights platform Rose Premium Signals noted on X that Uniswap is showing signs of a massive cup formation on the weekly chart, a classic bullish setup. According to them, if this structure plays out, UNI could target $15.16 and even push to $19.34 in the coming months.

Earlier this month, Uniswap became the first decentralized exchange to surpass $3 trillion in cumulative trading volume.

UNI Price Outlook

On the daily UNI price chart, the RSI currently stands at 57, indicating moderate bullish momentum without entering the overbought region. This suggests further room for upside if buying pressure persists.

UNI price chart with RSI and Bollinger Bands | Source: Trading View

Bollinger Bands are starting to widen after a period of contraction, with price hovering just above the middle band (20-day SMA). If UNI breaks above the upper band near $7.39, traders could see a stronger rally toward the next resistance at $8.00.

However, a drop below the lower band at $5.21 might trigger bearish sentiment.

Meanwhile, the A/D indicator is gradually rising, suggesting more inflows than outflows and that smart money might be building positions quietly.

UNI price chart with Accumulation/Distribution | Source: Trading View


Note: this is a sponsored message from our partners

🔥Bitcoin Bull ($BTCBULL) Presale Heats Up

As the market sustains its upward momentum, a new meme coin, Bitcoin Bull ($BTCBULL), is attracting considerable attention due to its distinctive presale and reward structure. The token’s incentive system is directly linked to incremental increases in Bitcoin’s BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B market valuation.

$BTCBULL Reward System and Presale

For every $25,000 jump in Bitcoin’s value between $100K and $250K, BTCBULL holders unlock new benefits like token burns and BTC airdrops. The biggest reward is set for when Bitcoin hits $250K.

BTCBULL Presale Details:

  • Token Price: $0.00253
  • Funds Raised: $6.37 million
  • Payment Methods: ETH, USDT
  • Ticker: BTCBULL

The Bitcoin Bull team has already raised over $6.37 million in BTCBULL presale. BTCBULL’s value is set to rise in less than a day, making now a greaet time to get in early. As Bitcoin continues to go up in full force, early holders are eyeing major upside.

The post Dormant Uniswap Whale Returns After 3 Years, UNI to $18 Soon? appeared first on Coinspeaker.

Read the article at Coinspeaker