Blockchain data shows a significant increase in the activity of large holders of Uniswap (UNI) over the past day, influencing transaction volume and asset price.
Increase in Whale Activity
In the last 24 hours, there has been a sharp rise in the activity of large holders of Uniswap, known as "whales." Whale transactions surged by 1713%, attracting attention to the potential price movements.
Total UNI Transaction Volume
Over the past day, the transaction volume of UNI reached 58.36 million tokens, equating to $431.07 million. This value marks a seven-day high, showing an increase compared to the recent low of 3.2 million.
Technical Analysis and Forecasts
Technical indicators suggest potential price growth for UNI. The Relative Strength Index (RSI) stands at 54, indicating room for further increases. If UNI can break resistance between $7.62 and $7.65, it may push toward $8.
The actions of large holders and the surge in transaction volume spark discussions about potential changes in Uniswap's price dynamics. Current technical indicators and shifts in transactional activity suggest the market may be poised for significant changes soon.
