Uniswap’s UNI Price Approaches $7 Amid Bullish Whale Accumulation
Uniswap’s UNI token is experiencing bullish momentum, trading just below $6.80 after a breakout near $6.45.
Key points include:
- UNI surged from $6.45 to $7.00 on June 3, marking a 10.5% intraday gain with a volume spike of 16.4M, ten times the average.
- The current price is approximately $6.79, reflecting a 6.5% increase over the past 24 hours. Support levels are around $6.56–$6.60.
- Price action is within a rising channel, showing higher lows and breakout volume patterns.
- Resistance is noted near $6.93–$7.00; breaking this zone may lead to further gains.
- A dip to $6.67 was quickly met with buying pressure, raising UNI to $6.78 shortly after.
- Institutional accumulation is indicated by volume spikes during early trading hours.