🚨 UNI Callback 4%! The giant whale is accumulating🔥
Can $8.42 hold, and will the $20 target be eyed again?🔥
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UNI’s recent price action is getting interesting. The price has been climbing since early/mid August, moving up from the ~$4 area at the end of August to a high near $10. Although it’s currently pulled back by about 4%, hovering around ~$8.68, what’s really worth watching isn’t this dip—it’s the simultaneous change in long funding and protocol buyback data.👀
First up is the funding side.
Some data shows that Binance’s top traders have been increasing their UNI long positions recently. Regardless of whether you look at the number of accounts or the size of positions, longs have had a clear advantage in the late September period. In other words, some large funds haven’t rushed to exit just because UNI has roughly doubled—they’ve started positioning themselves for the next leg of the rally. However, note that this data comes from a third-party exchange dashboard, so it can’t be independently verified. It’s better treated as a reference for market sentiment rather than a definite signal.
🔥 What’s more critical is Uniswap’s own buybacks.
Data indicates that in September, Uniswap holders’ earnings hit a new historical high. And the amount spent to repurchase UNI this month has reached about $15 million. Compared with prior months—where buyback amounts were under $1 million—this shift is very noticeable. If buyback data continues to rise, then this rally for UNI may not be driven purely by market sentiment; protocol revenues and buyback demand could also become important supports for price.
📈 Now let’s look at the technicals.
At the moment, UNI is still trading within its uptrend channel from late August. Even though the price has pulled back to $8.68, it remains inside the channel and above the 20-day and 50-day moving averages.
The 20-day MA is around $8.29, and the 50-day MA is around $6.74.
So the real “line between life and death” is $8.42.
If UNI can hold $8.42 and the uptrend channel structure stays intact, the next thing to watch will be the key resistance near $10.90.
Once there’s a confirmed break above $10.90, market attention may shift higher toward $15; and if $15 is also broken, the top of the uptrend channel could even point toward the $20 area.🚀
Click my avatar to follow me for daily market analysis and short-term trading strategies 🚀
#UNI #uniswap #defi
Can $8.42 hold, and will the $20 target be eyed again?🔥
Group: 点击进入玖玖短线策略群
UNI’s recent price action is getting interesting. The price has been climbing since early/mid August, moving up from the ~$4 area at the end of August to a high near $10. Although it’s currently pulled back by about 4%, hovering around ~$8.68, what’s really worth watching isn’t this dip—it’s the simultaneous change in long funding and protocol buyback data.👀
First up is the funding side.
Some data shows that Binance’s top traders have been increasing their UNI long positions recently. Regardless of whether you look at the number of accounts or the size of positions, longs have had a clear advantage in the late September period. In other words, some large funds haven’t rushed to exit just because UNI has roughly doubled—they’ve started positioning themselves for the next leg of the rally. However, note that this data comes from a third-party exchange dashboard, so it can’t be independently verified. It’s better treated as a reference for market sentiment rather than a definite signal.
🔥 What’s more critical is Uniswap’s own buybacks.
Data indicates that in September, Uniswap holders’ earnings hit a new historical high. And the amount spent to repurchase UNI this month has reached about $15 million. Compared with prior months—where buyback amounts were under $1 million—this shift is very noticeable. If buyback data continues to rise, then this rally for UNI may not be driven purely by market sentiment; protocol revenues and buyback demand could also become important supports for price.
📈 Now let’s look at the technicals.
At the moment, UNI is still trading within its uptrend channel from late August. Even though the price has pulled back to $8.68, it remains inside the channel and above the 20-day and 50-day moving averages.
The 20-day MA is around $8.29, and the 50-day MA is around $6.74.
So the real “line between life and death” is $8.42.
If UNI can hold $8.42 and the uptrend channel structure stays intact, the next thing to watch will be the key resistance near $10.90.
Once there’s a confirmed break above $10.90, market attention may shift higher toward $15; and if $15 is also broken, the top of the uptrend channel could even point toward the $20 area.🚀
Click my avatar to follow me for daily market analysis and short-term trading strategies 🚀
#UNI #uniswap #defi
