Uniswap (UNI) is holding onto a constructive bullish structure, supported by renewed market momentum and notable accumulation by large holders. As technical indicators remain positive, traders are focusing on crucial support and resistance levels to gauge whether UNI can continue its wider upward trend.
Whale activity and accumulation zones
UNI’s price structure has been influenced by recent large-value purchases. Blockchain tracking platform Lookonchain reported that whale wallet 0xd42B acquired 159,698 UNI for approximately $1.5 million USDC at an average price near $9.39, reinforcing interest from large holders after a slight retracement.
The presence of whale accumulation in this range has drawn market attention to the $9.39 price area, suggesting confidence from major investors in the token’s medium-term prospects.
Crypto analyst LAR has identified $7.50-$6.38 as a significant accumulation zone for UNI, adding that both a monthly and weekly fair value gap (FVG) have developed there. The analyst indicated that this area could be revisited if the price retraces, offering another potential opportunity if a short-term correction occurs.
LAR also pointed out the 0.5 equilibrium zone as a key level that UNI is currently approaching. While clearing this area on the first attempt may be difficult, a breakout could pave the way toward the previous range high at $19.20.
Beyond that, LAR emphasized targets at $31.43 and $45, with the $45 level representing a possible new all-time high. Achieving these levels would depend on sustained buying and successful breaching of multiple resistance points.
Mini dictionary: Fair Value Gap (FVG), a market term referring to a price area where little or no trading occurred, often indicating a level where price might revisit to ‘fill’ the gap and confirm support or resistance.
Technical outlook and resistance
Recent TradingView analysis supports the overall bullish narrative, with UNI rebounding from a consolidation range around $2.80-$3.20 in July to a recent peak near $11.00, and now trading at $9.56, a 4.47% increase.
UNI remains above the 20-day middle Bollinger Band at $7.62, preserving a constructive trend characterized by higher lows. However, the price has approached temporary resistance close to the upper Bollinger Band at $10.36, leading to a brief period of consolidation and mild selling pressure.
UNI’s climb into the high $9 zone, supported by accumulation and technical strength, is being tested by resistance levels near $10.36, with traders weighing the potential for another breakout above $11.
Momentum remains broadly positive, with the MACD line at $1.11, above the signal line at $0.96. Yet, narrowing histogram bars suggest bullish momentum is gradually slowing, raising the probability of further consolidation before any decisive upward move takes place.
Derivatives activity and volatility
The derivatives market has shown a mixed picture in recent days. CoinGlass data revealed that trading volume fell by 13.14% to $1.31 billion, even as open interest increased 4.69% to reach $940.35 million.
| Metric | Recent Value | % Change |
|---|---|---|
| Spot Price | $9.56 | +4.47% |
| Trading Volume | $1.31 billion | -13.14% |
| Open Interest | $940.35 million | +4.69% |
This divergence indicates traders are engaging more through futures contracts, even as overall transaction volumes decrease, hinting at rising derivatives participation as market turnover slows.
Bollinger Bands display expanded volatility around UNI’s rally. The lower band sits at $4.87, emphasizing the gap between current prices and lower volatility thresholds, while the middle band at $7.62 remains a crucial dynamic support if a pullback unfolds.
Key levels and future prospects
As UNI hovers near $9.56, traders are focusing on reclaiming the $11 region before targeting the range high at $19.20. Meanwhile, important support levels are found in the $7.50-$6.38 accumulation zone and the $7.62 Bollinger Band midpoint. A decisive move above resistance could draw attention toward $31.43 and $45 as future technical targets.
Major holders remain active near UNI’s current trading range, highlighting the $9.39 buying area and underscoring the token’s ongoing support from whales and derivatives traders alike.
Market participants are monitoring these levels to assess whether UNI’s bullish momentum can carry the token through another breakout or if further consolidation is likely in the near term.
