Today, March 5, 2025, Uniswap (UNI) has registered a price win of 8%. However, it appears to be aish and is ready for a decline, possibly due to a crypto whale -dumping uni -tokens.
Whale dump for $ 40.60 million in uni -tokens
Nowadays, Blockchain-based Transaction Tracker has posted Lookonchain on X (formerly Twitter) that a prominent crypto-walvis, Galaxy Digital, 600K Uni tokens worth $ 4.37 million on Binance, the world’s largest cryptocurrency exchange, has demonstrated.
However, the greatest care that stimulates the fear of a price drop is that Galaxy has already deposited a significant 5.29 million Uni -Tokens worth $ 40.60 million on Binance and OKX in the past week.
Current price momentum
With all this, it actively acts almost $ 7.37 and wins 8% in the last 24 hours. In the same period, however, trade volume fell by 35%, indicating a lower participation of traders and investors compared to the previous day. This decrease was possible by the sale and continuous price fluctuations.
Uniswap (uni) price promotion and upcoming levels
According to the technical analysis of experts, UNI Bearish seems to be traded under the crucial level of support of $ 8. With recent price fluctuations it has re -tested this level and seems to consolidate. Based on recent price action and historical patterns, if uni does not climb above the $ 8 level, it could fall by 25% in the coming days to reach $ 5.50.
From now on, it will be actively traded under the 200 exponential advancing average (EMA) on the daily period, which indicates a bearish trend. This technical indicator helps traders and investors determine whether it is actively in an upward or downward trend, so that they can build their positions accordingly, either on the long or short side.
This continuous dump from Galaxy Digital has the potential to increase sales pressure, which further strengthens the Bearish front views.
Credit : coinpedia.org
