The crypto market experienced a slight uptick on February 7th, with Bitcoin showing potential for a breakout of $100,000. This has led to a recovery in the altcoin market, including Uniswap. Uniswap's price has displayed a sharp reversal and has garnered the interest of crypto whales, leading to a surge in whale accumulation. On-chain data shows that a whale has withdrawn a significant amount of UNI tokens from Binance, suggesting a strong bullish sentiment and strategic accumulation. Uniswap has shown resilience against market volatility and has sustained above the $8.7 level. The ascending trendline and the 78.6% FIB level have provided support, and the price could potentially reach higher levels such as $12.7, $15.6, and $19.5. However, a breakdown below the lower trendline could invalidate the bullish thesis and trigger a major downfall.



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