Uniswap (UNI) is showing signs of a potential recovery, with an analyst identifying a bullish breakout setup that could push the token toward higher price levels. Meanwhile, continued whale accumulation points to sustained interest from large holders, although a resistance breakout and stronger buying pressure are still needed to support the bullish outlook.
As of now, according to CoinMarketCap data, Uniswap is trading at $7.01, down 2.54% over the past 24 hours and 1.21% over the past week.
Uniswap Targets Recovery as Bulls Eye $12.50
Crypto analyst GrowMore Capital believes Uniswap could be preparing for a recovery following its recent price correction. According to the analyst, broader market weakness appears to have slowed the token’s progress rather than invalidated its bullish outlook. Bitcoin’s ability to hold its demand zone also supports the recovery scenario.
The analyst identified $7.80 as a key resistance level UNI needs to reclaim to strengthen its recovery prospects. A breakout above the level could attract fresh buying interest and open the way for further gains. The accompanying chart also highlights an intermediate upside target near $10.95 before UNI approaches the next major resistance area.
If bullish momentum continues, UNI could eventually advance toward $12.50. GrowMore Capital identified the price region as its broader upside target, suggesting room for recovery if buyers regain control. Reaching the target would depend on a successful breakout and sustained demand throughout the move.
GrowMore Capital also views the ongoing correction as a potential accumulation opportunity for short-term spot holders. Still, UNI needs to reclaim $7.80 to provide stronger evidence of a bullish reversal. A failure to clear the resistance could leave the token trading within its current consolidation range.
UNI Whale Buys Another $2.13 Million as Accumulation Continues
According to on-chain analytics platform Lookonchain, a major Uniswap holder has continued increasing its exposure to the token through another large purchase. Whale address 0xC374 acquired an additional 308,517 UNI, worth approximately $2.13 million, in a transaction recorded around 10 hours before the report.
The latest purchase adds to the investor’s accumulation activity over recent weeks. Lookonchain reported that the whale had accumulated approximately 1.32 million UNI over the previous 45 days, with the tokens valued at around $11.05 million.
The repeated purchases show that the investor has maintained considerable exposure to UNI rather than making a single large acquisition. Whale transactions often attract attention because they can offer insight into the activity of major holders. However, accumulation alone does not confirm the investor’s intentions or guarantee an upcoming price increase.
Continued whale buying also puts large-holder activity in focus as traders watch for signs of growing demand. For UNI, the key question is whether purchases by major investors will be accompanied by broader market participation and a sustained move above the $7.80 resistance level.
