Uniswap (UNI) Whale Transactions Rockets 1,713%, How Price Reacts?

Key Points

1. Whale transactions in UNI increased by 1,713% in the last 24 hours, reaching 58.36 million UNI, a seven-day high.

2. Uniswap's price increased by 5.26% over the past seven days, trading at $7.42 at press time with a 0.58% 24-hour rise.

3. Technical indicators like the Relative Strength Index (RSI) at 54 suggest UNI has room for further price growth before becoming overbought.

4. The Uniswap V4 protocol's improved gas efficiency supports high-volume transactions, potentially aiding a sustained rebound.

5. Breaking the resistance between $7.62 and $7.65 could push UNI toward $8, depending on trading volume.