Uniswap whale accumulation grows despite correction: Can UNI bulls reclaim $7.48?

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A whale accumulated $2.35 million worth of UNI tokens across five consecutive days as the price fell from its $7.48 peak toward the $6.02 area. UNI’s exchange reserves dropped 11.88% to approximately $650 million in 24 hours, while buyer-dominant spot taker activity over 90 days suggested underlying demand remained active despite the correction. On Binance, top traders maintained 78.69% long positions with a long/short ratio of 3.69, reflecting strong conviction toward a price recovery. The Fibonacci golden zone at $4.819, combined with horizontal support at $4.711, represents the key level to watch for validating a potential rebound toward $7.48.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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