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By AI Boost, Siamak Masnavi|Edited by Aoyon Ashraf
Jun 4, 2025, 9:43 a.m.
- UNI surged 10.5% to a session high of $7.00, led by a whale-driven breakout and nearly 10x surge in trading volume.
- Strong support formed at $6.56–$6.60 after a rapid price jump on June 3, with consolidation above $6.70 fueling continued bullish structure, according to CoinDesk Research’s technical analysis data model.
- Whale activity in UNI derivatives markets suggests sophisticated traders are positioning for further upside in altcoins.
Uniswap’s UNI token continues to show bullish momentum, extending its rally after a breakout near $6.45 and now trading just below $6.80.
The price action is supported by explosive trading volume and clear whale accumulation in derivatives markets.
STORY CONTINUES BELOW
Institutional long positioning appears to be reinforcing the uptrend, with UNI outperforming broader Ethereum-based tokens.
As Bitcoin’s dominance softens, the persistent strength in UNI suggests market participants may be rotating into high-cap altcoins with upside breakout potential.
Technical Analysis Highlights
- UNI surged from $6.45 to $7.00 on June 3, posting a 10.5% intraday gain backed by a 16.4M volume spike—10x above the 24-hour average.
- Current price hovers near $6.79, up approximately 6.5% over the past 24 hours.Key support formed around $6.56–$6.60 after the breakout, with consolidation between $6.60 and $6.75 confirming healthy retracement.
- Price action continues within a rising channel, with higher lows and breakout volume patterns suggesting sustained bullish momentum.
- Resistance remains near $6.93–$7.00; a clean break above this zone could spark a fresh leg higher.
- A brief dip to $6.67 around 07:36 was met with renewed buying, with follow-through strength lifting UNI to $6.78 by 09:15.
- Volume spikes during the 07:21 and 08:00 candles support the idea of institutional buyers accumulating at higher lows.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
