TLDR:
- Dormant token activity on Uniswap just hit an all-time high of 73 billion in age consumed.
- UNI price is testing $7.80, a level that previously acted as a strong resistance zone.
- Average wallet age dropped 7.2%, indicating long-held tokens are re-entering circulation.
- Daily trading volume exceeds $426M, reinforcing UNI’s growing short-term bullish momentum.
Uniswap’s price action has gained momentum amid renewed network movement and investor interest.
After showing a steady climb since late June, UNI is now nearing a key resistance area that could shape its short-term direction. Dormant wallet activity has reached record levels, signaling that long-held tokens are returning to the market.
Historical patterns suggest such moves often coincide with rising prices and higher trading volumes. As momentum builds, traders are closely watching the $7.80 level, which could determine whether UNI moves smoothly toward $9.
Uniswap Dormant Token Shift Signals Rising Activity
According to blockchain data analytics firm Santiment, Uniswap saw its highest-ever spike in “age consumed,” a metric tracking tokens moved from inactive wallets.
Nearly 73 billion in token age was consumed, leading to a sharp 7.2% drop in average wallet age. This shift often points to tokens returning to circulation, which can precede higher trading volumes and price movement.
Uniswap's marketcap has climbed +21% since June 22nd. And its network has just seen a historic spike in dormant activity. 72.95B in age consumed (amount of tokens moved multiplied by how old those tokens are) is the highest $UNI dormant spike of all-time.
— Santiment (@santimentfeed) July 9, 2025
Santiment noted that such dormant token spikes frequently align with network activity bursts, often setting the stage for price appreciation. The change suggests that long-term holders may be repositioning, potentially anticipating favorable market conditions.
Chart analyst CW highlighted that Uniswap’s current price action is pressing against a critical resistance zone near $7.80. The 4-hour TradingView chart shows repeated rejections at this level, which has acted as a selling wall in past attempts.
UNI’s current bullish momentum indicates a possible breakout if supported by strong volume.
CW stated that flipping this level into support could unlock the next target range between $9.00 and $9.50. However, failure to clear $7.80 may lead to a retreat toward familiar support zones around $7.20 and $6.80.
$UNI is expected to rise smoothly to $9 if it breaks through the current selling wall. pic.twitter.com/5HSf1lVYso
— CW (@CW8900) July 8, 2025
UNI Volume Profile Shows Bullish Interest
Supporting the potential breakout, volume data reveals a notable increase during recent bullish candles. This uptick suggests rising buyer interest as UNI approaches its resistance threshold. If this buying strength continues, it may help validate a sustained move upward.
Uniswap has recorded a 2.57% increase in the last 24 hours and nearly 10% over the past week, per CoinGecko data. With daily trading volume surpassing $426 million, short-term momentum appears to favor the bulls.
For now, Uniswap’s near-term direction rests on whether it can decisively break past $7.80.
Dormant token activation, increasing volume, and bullish momentum are aligning, but confirmation is needed. A successful breakout could set a direct path toward the psychological $9 barrier, while rejection may invite retests of lower support levels.
The post Uniswap Price Targets $9 as Dormant Wallets Awaken and Trading Volume Climbs appeared first on Blockonomi.
Source: https://blockonomi.com/uniswap-price-targets-9-as-dormant-wallets-awaken-and-trading-volume-climbs/