Uniswap’s decline continued after its rejection at $10 a month ago, with the token sliding into a descending channel and reaching $5.3.
At press time, Uniswap (UNI) was trading near $5.5, up 2.1% on the daily charts. This small gain came after UNI fell below its parabolic SAR, which confirmed strong bearish pressure.
Despite this, the recent cooldown has created an attractive entry point for large holders.
Whales step in as UNI gets discount
After Uniswap fell to $5.3, whales rushed into the market to buy the altcoin at a discount.
In fact, in the last 24 hours, UNI Top holders added 8.96 million tokens to their holdings and sold only 1.4 million tokens.
Source: Nansen
As a result, the altcoin saw a positive balance change among the cohort of over 7.5 million according to Nansen data.
In addition to this, Lookonchain reported significant whale removal.
Wallet 0xb5E4 withdrew 823,368 UNI worth $4.72 million from Binance and Bybit in five hours. The same whale had already sold 2.818 million UNI during the unification-motivated rally.
This change gave a clear signal of renewed confidence among large holders. Historically, increased demand for whales supported early reversal attempts.
On the other hand, exchange flows also reflected accumulation behavior.
Source: CoinGlass
CoinGlass showed that UNI saw $17.05 million in inflows versus $17.32 million in outflows from the exchange over 24 hours. As a result, Netflow stood at almost -$269,000, a drop of 39.6%.
Such negative net flow is generally aligned with spot-side accumulation.
Can UNI attempt a rebound?
UNI showed early signs of a rebound on the daily chart, with buyers intervening at lower price levels.
This movement aligns with a bullish crossover in the Relative Vigor Index (RVGI), which printed -0.1140. A crossover at this level often marks a gradual improvement in bullish momentum.
Source: TradingView
Despite this, RVGI remained in negative territory, meaning the bears still held directional control. Under these conditions, buyer engagement will dictate UNI’s next step.
If demand persists, UNI could attempt to push its parabolic SAR down to $6.06 and target $6.7.
However, decreasing demand could reopen a selling window, forcing UNI to revisit $5.3 before attempting another leg of recovery.
Final Thoughts
- Uniswap’s structure has improved as large holders have accumulated aggressively and RVGI has hinted at a rapid recovery in momentum.
- Still, the downside pressure has not disappeared and buyers must maintain current levels to confirm a change in trend.
