Uniswap’s UNI token is locked in a tense battle between buyers and sellers, with analysts warning that mounting pressure from whales is preventing the asset from breaking higher.
At press time, UNI trades near $10.24 after weeks of choppy action.
Market watcher Boris Vest highlighted that the token has been trapped in a wide band ever since its 2021 peak.
His analysis points to two critical price zones where traders could face mass liquidations: around $13.50 for short positions and close to $8.00 for longs.
While demand from retail traders remains strong, large holders appear to be quietly selling into rallies using well-placed limit orders.
Vest noted that long-term wallets have been moving coins back into circulation, a classic sign that profit-taking is underway.
At the same time, short-term speculators have re-entered the market near recent highs. According to Vest, this sets the stage for a “stress test” in the coming weeks, with a pullback looking like the natural next step before UNI can attempt another sustained rally.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/uniswap-whales-are-dumping-can-uni-survive-the-next-correction/
