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.
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Source: https://coindoo.com/uniswap-whales-are-dumping-can-uni-survive-the-next-correction/