Uniswap (UNI) is currently facing challenges as whale interest diminishes and market fears increase. A major trading firm, Cumberland, sold off 989,520 UNI tokens worth $16.73 million, leading to a 10% price drop. This has caused uncertainty in the market as prices struggle. Other whales are following suit and withdrawing funds from exchanges, potentially signaling more sell-offs to come. However, recent data suggests that long-term investors are still holding strong, which could prevent further declines. The key support level for UNI is $15.30, and its ability to stay above this level will determine whether it can recover or sink further. If UNI stays above $15.50, it could rally by 30% to reach $20.50, but if it closes below $14.60, a 20% drop to $11.10 could occur. The next few days will be crucial to observe as market moves and whale activity will dictate UNI's future.



Other News from Today