$UNI 📈 is heating up, but the real test is still ahead.
Uniswap has pushed sharply higher, with spot buying appearing to be the main force behind the move. Trading activity has expanded, while futures sellers have started losing their grip.
Now UNI is approaching the important $11 resistance zone. If buyers can push through and hold above this level on the weekly chart, the breakout could open the door toward the next major area around $15.
Whale activity is also worth watching, with large wallets accumulating UNI during the rally. That adds another layer of demand, although it doesn’t guarantee continuation.
The risk? Weekly RSI is already deep in overbought territory, so a rejection around $11 could trigger a pullback.
For now, $11 is the level that could decide UNI’s next major move.
Uniswap has pushed sharply higher, with spot buying appearing to be the main force behind the move. Trading activity has expanded, while futures sellers have started losing their grip.
Now UNI is approaching the important $11 resistance zone. If buyers can push through and hold above this level on the weekly chart, the breakout could open the door toward the next major area around $15.
Whale activity is also worth watching, with large wallets accumulating UNI during the rally. That adds another layer of demand, although it doesn’t guarantee continuation.
The risk? Weekly RSI is already deep in overbought territory, so a rejection around $11 could trigger a pullback.
For now, $11 is the level that could decide UNI’s next major move.
