Uniswap (UNI) is showing signs of a possible recovery as technical signals point to improving market momentum. Meanwhile, a major holder continues accumulating UNI despite broader market weakness, drawing attention to investor positioning. The next price direction will depend on sustained buying interest and the market’s response to key support.
As of now, according to CoinMarketCap data, Uniswap is trading at $7.15, with a decrease of 4.81% over the past 24 hours and a decrease of 8.93% over the past week.
UNI Breaks Descending Triangle as Price Eyes $10–$14
According to crypto analyst Crypto With Gopal, Uniswap has broken above a long-term descending triangle pattern on the daily chart, suggesting a possible change in market momentum after months of consolidation. The price has climbed toward $7.40 as buying pressure increases, raising the possibility of further gains if UNI manages to hold above the breakout level.
The breakout suggests that buying pressure is strengthening after an extended period of price compression. A descending triangle typically forms when the price faces a series of lower highs near a horizontal support zone. A move above the pattern’s descending resistance can indicate a bullish reversal or the start of a new upward trend, although confirmation depends on sustained buying activity.
The $7.00 level is now a key area to watch. If UNI maintains support above this threshold, buyers could attempt to extend the rally toward $10, followed by a potential move toward $14. These targets depend on continued demand and the price holding above the breakout zone.
However, a drop below $7.00 could weaken the bullish setup and raise the risk of a failed breakout. Traders will be watching whether buyers defend this level and sustain upward momentum as UNI attempts to establish a stronger recovery.
Uniswap Whale Buys $4.28M in UNI Amid Market Decline
Lookonchain data showed that a large Uniswap holder continued buying tokens despite the recent market decline. Wallet 0x1389 purchased another 600,005 UNI worth approximately $4.28 million. The latest transaction brings the whale’s total purchases over the past three days to 1.29 million UNI, valued at around $9.6 million.
The continued accumulation suggests the whale is building its UNI position despite weaker market conditions. Large purchases during a downturn may indicate that an investor sees value at current prices or expects a potential recovery. Still, the transactions do not reveal the whale’s intentions or guarantee a price rebound.
The whale’s purchases have drawn attention to UNI’s trading activity, as investors often track large transactions to gauge how major holders are positioning themselves. The effect on UNI’s price will depend on overall market conditions, demand from other investors, and whether the token can recover from its recent losses.
