Uniswap’s UNI token declined more than 30% from its $10.90 high, raising concerns among investors as heavy inflows to centralized exchanges signaled possible profit-taking and distribution pressure. CoinMarketCap listed UNI at $7.31, down 2.3% in the past 24 hours, as traders tracked whether support near $7 would hold.
Binance inflows surge amid Uniswap’s strong fundamentals
Crypto analyst Darkfost reported that daily UNI inflows to Binance surpassed $40 million in late September, marking the highest weekly level so far in 2026. This inflow activity was accompanied by a Z-score above 4, indicating a spike significantly above normal averages for the metric.
At the same time, Uniswap’s decentralized ecosystem logged robust performance, with total value locked (TVL) exceeding $4 billion during September—a record for the year. Decentralized exchange (DEX) volumes reached $93.6 billion, helping drive a strong rally in UNI earlier in 2026.
UNI’s exchange inflows hit a yearly high, signaling significant movement onto Binance during a period where Uniswap’s total value locked and trading volumes both reached record levels this year.
Despite fundamentals supporting the protocol, rapid exchange inflows may indicate that major holders are preparing to sell or rebalance positions. Analysts remarked that while high inflows are not a definitive sign of imminent selling, the trend often aligns with increased volatility.
Daily inflows above $40 million led to greater market attention, with the Z-score representing an unusually elevated momentum. However, Darkfost observed that exchange inflow momentum appears to be declining. If this trend persists, the resulting reduction in selling pressure could help stabilize UNI’s price near support.
A definitive reversal signal has yet to emerge, as traders remain cautious without confirmation from both exchange inflows and price action.
Mini dictionary: Z-score, a statistical metric indicating how far an observation deviates from the historical average, used here to gauge the significance of UNI inflow spikes relative to past data.
Technical setup: Double bottom in focus, $7 support level tested
Technical analyst Crypto With Gopal emphasized the possibility of a double bottom formation for UNI on its four-hour chart. The $6.75 to $7.00 area has become critical as buyers seek to defend this support and avoid a deeper decline.
A double bottom pattern often suggests exhaustion of selling pressure, but its confirmation requires a breakout beyond the resistance between the two lows—identified for UNI as the $7.60 to $7.80 zone.
If UNI breaks above the $7.60 to $7.80 zone, bullish momentum could extend toward $8.80, but failure to overcome resistance risks renewed selling into lower support.
With UNI trading close to $7.31, traders are watching $7.19 as immediate Fibonacci support. A rebound above this level could lead to a move towards $7.37, while a breakdown would shift focus to the $7.10 swing low.
| Level | Type |
|---|---|
| $10.90 | Recent peak |
| $7.60–$7.80 | Resistance/Bullish breakout |
| $7.31 | Current price |
| $7.19 | Immediate Fibonacci support |
| $7.10 | Swing low |
| $6.75–$7.00 | Key support |
| $8.80 | Upside target (on breakout) |
Broader market sentiment remains a potential risk, and upcoming events such as the October 19 launch of CME futures may add further volatility. Analysts noted that confirmation of a double bottom, combined with reduced exchange inflows, would improve the outlook for buyers aiming for a reversal.
