UNI has drawn renewed market focus after a series of large-scale whale transactions were spotted on-chain. Data shows that one address has been steadily building its position, adding millions of dollars’ worth of tokens in just days.

Such accumulation often signals growing conviction from deep-pocketed holders and tends to influence short-term market sentiment. Analysts now point to both the whale’s activity and the technical structure as key drivers shaping the asset’s immediate outlook.

Whale Accumulation and Short-Term Price Structure

Whale wallet 0x4c64 has continued its buying spree, according to Lookonchain, securing another 155,455 UNI ($1.51M) alongside 16,606 LINK ($412K) in a single move. This purchase lifted its total asset holdings to 1.13 million tokens worth $11M, a scale of activity that has placed the wallet among the most closely watched in recent sessions.

Source: X

Adding context, analyst Olaxbt shared a chart highlighting the token’s steady climb within an upward channel. The price structure reflects controlled accumulation, supported by consistent volume and improving momentum indicators. This alignment between on-chain whale movements and technical positioning has reinforced bullish expectations.

Source: X

Traders now view the $10.50 region as the next significant hurdle. A decisive move through this level could validate the whale-driven momentum and open the way toward sustained gains. With sentiment building, cryptocurrency’s near-term trajectory appears increasingly tied to whether buyers can maintain pressure above resistance.

Steady Trading Activity Positions UNI for Potential Upside

Supporting the analyst view, BraveNewCoin data shows Uniswap trading at $9.65, marking a modest 0.53% increase over the past 24 hours. The token currently holds a market capitalization of $5.79 billion, ranking it 39th among cryptocurrencies by overall value. Trading activity has remained steady, with daily volumes reaching $319.33 million, reflecting consistent liquidity and investor engagement.

Source: BraveNewCoin

The circulating supply stands at 600.48 million tokens, which continues to support its role as a prominent decentralized exchange governance token. Over the last 24 hours, the crypto’s price fluctuated within a tight range between $9.30 and $9.80, indicating consolidation as buyers and sellers test near-term resistance levels. Market behavior suggests that the asset is maintaining stability, while momentum remains favorable for a potential upside if volume growth sustains.

Price Stability Signals Market Confidence

At the time of writing, the altcoin was trading at $9.65, showing a 0.53% daily increase with a market cap of $5.79 billion. Trading volumes reached $319 million, reflecting steady liquidity across exchanges. This stability follows recent whale accumulation, which has amplified attention on UNI’s short-term market structure.

Source: TradingView

Technical indicators suggest the token is consolidating between $9.30 and $9.80, with momentum gradually leaning bullish. The MACD line remains above the signal line, indicating upward pressure, while the histogram reflects sustained positive momentum. These signals align with controlled accumulation seen on the chart.

The Relative Vigor Index (RVI) also trends higher, supporting the view that buyers are gaining strength. Analysts note that if this momentum persists, the asset could challenge the $10.50 resistance in the near term.