CandleFocus UniSwap (UNI) Price at Risk as Whale Dumps $16.7M Worth of Tokens
2024-12-10
Author: Content Editor
The native token of UniSwap, UNI, is facing struggles and is expected to experience further price declines as whales and institutions shift their interest. A high-profile trading firm, Cumberland, dumped a significant amount of UNI tokens on various platforms, causing the price to drop by 10%. UNI's sentiment is currently bearish, and it has experienced a 14% price decline in the past 24 hours. The increased trading volume suggests that more price declines are expected. UNI is currently trading near $16 and may retest the $14.90 level. If it holds above this level, there is a possibility of a 20% increase to reach $19.75. However, if it fails to hold the $14.90 level, there is a possibility of a 24% drop to $11.30.
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