Uniswap Price Reverses Trend Amid Whale Bet: Is a 100% UNI Rally Imminent?

Key Insights:

• A whale just withdrew $25.5M in Uniswap from Binance, hinting at long-term holding
• Active Uniswap wallets and total UNI holders are rising steadily
• Uniswap Price has broken out of its long wedge, with Fibonacci targets up to $22.27

Uniswap (UNI) is showing fresh signs of strength after months of sideways movement. A recent $25 million whale withdrawal, paired with rising wallet activity and user growth, is now building a bullish base. The Uniswap price has crossed a major resistance, setting the stage for a potential 100% rally if momentum holds.

Whale Wallets Are Moving Off Exchanges

One of the strongest signs of confidence is whale activity. On July 14, a new wallet withdrew 2.78 million UNI (worth $25.52 million) from Binance, according to data shared by Onchain Lens. Typically, large withdrawals from exchanges mean the wallet holder doesn’t plan to sell anytime soon, often a bullish sign.

This same wallet also withdrew $3.5 million worth of Compound (COMP) days earlier, suggesting strategic accumulation of DeFi tokens. With less UNI available for selling, the supply pressure on the UNI price may ease.

Whale wallets gobbling up token supply is often a bullish sign, regardless of the market direction.

Uniswap’s Active Users Are Climbing

Another bullish clue lies in the network activity. According to Santiment, active addresses on Uniswap have risen to over 2,300 daily, the highest since early June. It is worth noting that the active address count is still not as high as it was in December 2024. Still, the price breaking out gives confidence to users who believe that a surge in active addresses can further push the UNI price towards $20+ levels.

Active addresses count the number of wallets that are sending or receiving tokens in a single day. When this number grows, it means more people are using the network, which often comes before major Uniswap price action.

Uniswap Crypto Holder Count Is Surging Again

Not just daily activity, even the long-term holders are growing. The total number of wallets holding UNI has now crossed 375,000, up from 352,000 in late March.

This sharp jump, shown clearly on the Santiment chart, reflects strong accumulation behavior. The more wallets that hold and don’t sell, the more support it adds to the UNI price on any dips.

TVL Surge Adds Another Layer

Total Value Locked (TVL) in the Uniswap (Unichain) ecosystem has grown from under $200 million in February to over $1 billion in July, according to DeFiLlama. That’s a fivefold jump in under six months.

TVL measures how much crypto is locked in Uniswap’s smart contracts. Higher TVL means more trust in the protocol and a stronger base for the UNI token to grow.

Uniswap Price Breaks Out: What’s Next?

The Uniswap price has finally broken above a falling wedge that’s been holding it down for months. While the wedge was broken only yesterday, the UNI price has been uptrending since it crossed the $7.5 mark, clearing key resistances in the process.

After clearing the $8.96 resistance, UNI now trades around $9.53.

The next key level is $9.79, the 1.0 Fibonacci extension drawn from the previous high and low on the daily chart. Once that’s broken, upside targets sit at:

• $12.17 (1.618 extension)
• $16.03 (2.618 extension)
• $19.89 and $22.27 (3.618 and 4.236 extensions)

These levels represent possible upside zones if momentum continues. From the current level, a rally to $19.89 would mean over 100% upside.

But the invalidation level remains at $8.13, where the 0.618 Fibonacci level rests. A drop below that, paired with falling active addresses or TVL, would break this rally structure.

The post Uniswap Price Reverses Trend Amid Whale Bet: Is a 100% UNI Rally Imminent? appeared first on The Coin Republic.