Uniswap’s UNI Tests $7 as Bulls Regain Control on Surging Whale Interest
Uniswap’s UNI token is staging a confident comeback, edging closer to the $7 mark after reclaiming key support levels and drawing increased whale participation. The price is currently hovering near $6.78, fueled by a strong bounce off $6.45 earlier this week.
The move comes as UNI posted a powerful 10% surge on June 3, driven by unusually high trading volumes — signaling institutional or large-player accumulation. Since then, the token has held steady in the $6.60–$6.75 zone, establishing a base that traders believe could propel the next leg higher.
On-chain indicators show multiple large inflows into UNI derivatives positions, a typical precursor to breakout moves. Meanwhile, the token remains in a well-formed ascending structure, with higher lows and consistent volume backing the trend.
With resistance at $6.93–$7.00 now under pressure, analysts are watching for a decisive breakout that could trigger further upside toward the $7.40–$7.50 range. A continuation here would mark UNI’s re-emergence as a DeFi sector leader, especially as capital rotates out of large-cap assets and into altcoins.
As Bitcoin dominance slips and the broader market eyes risk-on signals, UNI is increasingly viewed as one of the altcoins to watch.
