Uniswap is getting fresh attention after a large wallet increased its UNI holdings again. The wallet recently bought more than 50000 UNI worth almost 200000 dollars. Two weeks earlier the same wallet had already purchased over 105000 UNI. This brings its total holdings to nearly 156000 UNI with a total value of around 600000 dollars.
The interesting part is that these purchases happened after the price moved lower instead of during a strong rally. This suggests the buyer is slowly building a position rather than chasing quick gains.
The wallet is also sitting on a small unrealized profit even after the recent price pullback. This shows confidence that UNI could have more room to grow if market conditions improve.
Market activity also supports this view. Recent trading data shows buyers have continued to purchase UNI more aggressively than sellers. This steady demand has helped absorb selling pressure and has prevented a much deeper decline.
Even with strong buying interest UNI still faces an important challenge. The price has recently moved above a falling trend channel which is often seen as a positive technical signal. After the breakout UNI has been trading around 4.05 dollars while trying to build support before the next move.
The biggest level to watch is 4.20 dollars. This has become the main resistance area. If buyers manage to push the price above this level and hold it then UNI could continue moving toward higher targets.
Another reason this level matters is because many short positions are waiting between 4.20 dollars and 4.30 dollars. If the price enters this area some traders may be forced to close their positions which could create extra buying pressure and help the rally continue.
On the other hand if UNI fails to move above 4.20 dollars sellers could take control again. In that case the price may return to test support near 4.00 dollars before making another attempt.
For now the overall picture is improving. Whale accumulation continues to grow buyers remain active and the recent chart breakout has strengthened confidence. However the market still needs a successful move above 4.20 dollars before a stronger bullish trend can be confirmed.
The next few trading sessions may decide whether UNI starts a fresh recovery or continues moving inside its current range.