- Uniswap (UNI) surged nearly 20% in a week, outperforming a neutral crypto market.
- A whale recently acquired 100,000 UNI tokens for $1.42 million, signaling strong confidence in future growth.
- UNI’s breakout from a symmetrical triangle pattern suggests potential targets of $20.50 and $30.
Uniswap (UNI) has been showing notable strength in a largely neutral crypto market, outperforming many of its peers with a significant surge in price. Over the past week, UNI has surged nearly 20%, displaying clear signs of bullish momentum that could lead to further growth.
At the time of writing, Uniswap is priced at $14.14, with a 24-hour trading volume of $680.30 million, a market capitalization of $8.49 billion, and a market dominance of 0.25%. In the past 24 hours alone, UNI’s price has risen by 8.07%, indicating strong investor interest and price action.
Whale Loads Up on UNI: Buys $1.42M Worth at $14.24
Despite the overall market trading in a neutral phase, Uniswap has been on an impressive upward trajectory. The price movement has caught the attention of large investors, often called “whales,” who are making significant transactions. Data from Lookonchain shows that a whale recently spent 1.42 million USDC to acquire 100,000 UNI tokens at $14.24 each, signaling confidence in the token’s growth potential.
Uniswap Breakout Signals $30 Target
Looking at the technical side of things, Uniswap’s price action on the weekly chart has shown a clear breakout from a symmetrical triangle pattern. This breakout is a critical signal for potential further price appreciation. The price is now retesting this broken pattern, which could indicate continued bullish momentum if the breakout holds.
If the current trend continues, analysts will target price levels of $20.50 and even $30.00, based on this technical formation. Such a move would represent a significant jump from its current price and could further establish UNI as one of the top-performing assets in the market.
With whales showing increasing interest in Uniswap and the technical indicators aligning for further upside, UNI could be poised for a strong rally. If the current momentum continues and the breakout holds, investors may see the price push towards higher targets, providing both short- and long-term growth opportunities for traders and holders alike.
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