UNI Price Retreats to $10.33 After Hitting 8-Month High: Whale Activity Continues
Rongchai Wang Aug 18, 2025 11:26
Uniswap (UNI) trades at $10.33 after a 7.79% daily decline, pulling back from its recent $13.77 peak amid continued whale accumulation and strong institutional interest.
Quick Take
• UNI currently trading at $10.33 (-7.79% in 24h) • Uniswap's RSI at 49.80 signals neutral momentum after recent rally • Whale buying frenzy drove UNI to 8-month high before current pullback
What's Driving Uniswap Price Today?
The UNI price is experiencing a natural correction after an extraordinary rally that peaked at $13.77 on August 16, marking Uniswap's highest level in eight months. Despite today's 7.79% decline, the broader context remains bullish following a week of substantial whale accumulation.
The most significant catalyst emerged on August 17 when reports of a whale buying frenzy propelled UNI past $11, representing the token's best rally in eight months. This institutional interest coincided with a broader cryptocurrency market recovery led by Bitcoin's resurgence, creating favorable conditions for DeFi tokens.
Whale activity has been particularly noteworthy, with substantial accumulation patterns observed throughout the week. Even as some large holders like Amber Group executed strategic sales worth $3.81 million, the net effect has been overwhelmingly positive for UNI price momentum. The current pullback appears to be profit-taking behavior rather than a fundamental shift in sentiment.
UNI Technical Analysis: Mixed Signals Emerge
The Uniswap technical analysis reveals a complex picture following the recent volatility. UNI's RSI currently sits at 49.80, placing it in neutral territory after cooling off from overbought conditions during the rally. This positioning suggests the immediate selling pressure may be subsiding.
Uniswap's moving averages paint a bullish medium-term picture despite today's decline. The UNI price remains above the critical 50-day SMA at $9.54 and significantly above the 200-day SMA at $7.54, indicating the long-term uptrend remains intact. However, the price has fallen below the 7-day SMA at $11.10, suggesting short-term weakness.
The MACD histogram shows -0.0674, indicating bearish momentum in the immediate term. This aligns with the current pullback but doesn't negate the overall bullish structure. Uniswap's Bollinger Bands show the UNI price trading near the middle band at $10.37, with room to move toward either the upper band at $12.14 or lower band at $8.61.
Uniswap Price Levels: Key Support and Resistance
Based on Binance spot market data, Uniswap support levels are clearly defined at $8.68 for immediate support and $6.50 for strong support. The UNI resistance levels show immediate resistance at $12.30, which aligns with the strong resistance level.
The current UNI/USDT trading range of $10.10 to $11.39 over the past 24 hours provides tactical guidance for short-term traders. The pivot point at $10.61 sits close to current levels, making it a critical zone to watch for directional moves.
For swing traders, the $8.68 support level represents an attractive entry point if reached, offering a favorable risk-reward ratio against the $12.30 resistance target. The wide gap between strong support at $6.50 and strong resistance at $12.30 indicates significant potential volatility.
Should You Buy UNI Now? Risk-Reward Analysis
The current UNI price action presents different opportunities based on trading timeframes and risk tolerance. For aggressive traders, the pullback to $10.33 could represent a buying opportunity if whale accumulation continues, with stops below $9.54 and targets at $12.30.
Conservative investors might wait for a deeper retracement toward the $8.68 support level, which would offer better risk-reward positioning. The strong institutional interest evidenced by recent whale activity suggests any significant dips could be quickly absorbed.
Day traders should monitor the $10.61 pivot level closely, as breaks above could target yesterday's high at $11.39, while breaks below might test the $10.10 low. The high 24-hour volume of $94.9 million on Binance spot provides adequate liquidity for most trading strategies.
Risk management remains crucial given UNI's daily ATR of $0.84, indicating substantial potential price swings. The proximity to both support and resistance levels requires tight stop-losses for any position.
Conclusion
Despite today's 7.79% decline, UNI price remains in a structurally bullish position following its breakthrough to 8-month highs. The whale accumulation trend and broader DeFi market strength suggest current weakness may be temporary. Traders should watch the $10.61 pivot and $8.68 support levels for the next directional move, with the overall trend favoring buyers on any significant dips. The next 24-48 hours will likely determine whether UNI can consolidate above $10 or requires a deeper correction before resuming its upward trajectory.
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