Uniswap Breaks $10 as Whale Accumulation Drives 15% Rally to Multi-Month Highs
Timothy Morano Jul 21, 2025 01:59
UNI price surges to $10.34 following massive whale accumulation and 72.95B dormant token movement, with technical indicators pointing to potential $11+ breakout.
Quick Take
• UNI currently trading at $10.34 (+0.78% in 24h) • Uniswap's RSI at 69.79 signals strong momentum without overbought conditions • Whale accumulation of 5.41M tokens drove 15% surge to $10.25 on July 18
What's Driving Uniswap Price Today?
The UNI price rally continues to build on the foundation established during last week's explosive movement. The most significant catalyst came on July 18, when Uniswap experienced a remarkable 15% surge to $10.25, primarily driven by substantial whale accumulation activity. Notably, whales withdrew 5.41 million UNI tokens from Binance, signaling strong institutional confidence in the protocol's future prospects.
This whale activity follows an even more dramatic event from July 12, when Uniswap's network witnessed an unprecedented movement of 72.95 billion previously dormant UNI tokens. This massive activation coincided with a 20% price increase that brought UNI to $7.69, establishing the momentum that continues to propel the token higher.
The technical foundation for this rally was set on July 9, when Uniswap attempted a crucial breakout above the $7.56 resistance level—a barrier that had held since March 2025. The successful breach of this level has opened the door for the current price appreciation toward the next major resistance at $14.02.
UNI Technical Analysis: Strong Bullish Signals Emerge
Uniswap technical analysis reveals a compelling bullish setup across multiple timeframes. The UNI price currently sits well above all major moving averages, with the token trading at $10.34 compared to the 20-day SMA of $8.58 and the 50-day SMA of $7.63. This positioning indicates sustained upward momentum and confirms the strength of the current trend.
UNI's RSI reading of 69.79 presents an optimal scenario for continued upward movement. While approaching the 70 threshold typically associated with overbought conditions, the current level suggests room for additional gains without immediate reversal risk. The MACD indicator reinforces this bullish outlook, with the MACD line at 0.8092 significantly above the signal line at 0.6100, generating a positive histogram reading of 0.1991.
The Bollinger Bands analysis reveals UNI trading near the upper band at $10.78, with a %B position of 0.9013. This positioning indicates strong bullish pressure while highlighting the proximity to short-term resistance. The wide band spread, with the lower band at $6.37, demonstrates the significant volatility that has characterized recent trading sessions.
Uniswap Price Levels: Key Support and Resistance
Current market structure reveals critical Uniswap support levels and resistance zones that will determine the next phase of price action. The immediate UNI resistance sits at $11.01, representing a psychological barrier and the next logical target for bulls. A decisive break above this level could trigger accelerated buying toward the $14.02 resistance mentioned in the July 9 technical analysis.
For traders managing risk, Uniswap support levels provide clear downside protection parameters. The immediate support at $6.50 represents the first line of defense, followed by the strong support at $5.79. Based on Binance spot market data, the current trading range shows a 24-hour high of $10.90 and low of $10.22, demonstrating relatively tight consolidation near resistance levels.
The Average True Range (ATR) of $0.73 provides insight into expected daily volatility for UNI/USDT pairs. This metric suggests that daily moves of approximately $0.73 in either direction represent normal market behavior, while larger movements may indicate significant news or technical breakouts.
Should You Buy UNI Now? Risk-Reward Analysis
The current UNI price setup presents different opportunities depending on trading timeframe and risk tolerance. For momentum traders, the combination of whale accumulation, technical breakouts, and positive MACD signals supports a bullish stance with stops below $9.78 (7-day SMA).
Conservative investors might consider dollar-cost averaging approaches, given UNI's position well below its 52-week high of $18.60 while maintaining support above the 200-day SMA of $7.94. The protocol's fundamental strength, evidenced by record network activity, provides long-term value proposition beyond short-term price movements.
Risk management remains crucial given the proximity to resistance at $11.01. Aggressive traders targeting the $14.02 level should consider position sizing that accounts for potential pullbacks to the $8.58 support zone. The 24-hour volume of $104,730,785 demonstrates sufficient liquidity for most trading strategies.
Data Note
All technical indicators and volume data are derived from Binance spot market analysis, providing real-time insights into UNI/USDT trading dynamics and institutional flow patterns.
Conclusion
Uniswap's current price action reflects a confluence of positive catalysts, from whale accumulation to technical breakouts above long-standing resistance levels. With UNI trading at $10.34 and approaching the critical $11.01 resistance, the next 24-48 hours will likely determine whether the token can sustain its bullish momentum toward the $14.02 target. Traders should monitor volume patterns and whale activity for confirmation of continued upward pressure while maintaining appropriate risk management given the proximity to key resistance zones.
Image source: Shutterstock.jpg)
