Whale Uniswap enters the game: UNI is preparing for a 100% breakout?

Uniswap (UNI) is beginning to break out strongly after a long period of sideways movement in the zone. The move to withdraw 25 million USD from a whale wallet, along with a notable increase in wallet activity and the number of users, is contributing to solidifying a bullish platform. The fact that UNI has surpassed a key resistance level is not only a positive technical signal but also opens up the potential for double growth if the current trend is maintained.

Whale wallet withdraws from the exchange – positive signal

One of the strongest signals of confidence in Uniswap comes from the activities of whale wallets. On July 14th, a new wallet withdrew 2.78 million UNI from Binance, worth approximately 25.52 million USD – according to data from Onchain Lens. The move to withdraw a large amount of tokens from an exchange often indicates that the owner has no intention of selling in the short term – a familiar bullish signal in the investment community.

Whale wallet withdraws UNI | Source: OnChain LensNotably, this wallet has also withdrawn 3.5 million USD worth of Compound token (COMP) just a few days earlier, indicating that this is not a singular action but a calculated accumulation strategy, focusing on key DeFi assets. As the circulating supply of UNI on the platform decreases, the selling pressure also weakens – creating favorable conditions for a bullish price.

The fact that whale wallets are quietly accumulating often serves as an early indicator of a strong recovery, despite the overall market trend.

The number of Uniswap users is increasing again

Another notable bullish signal comes from network activity. According to data from Santiment, the number of daily active addresses on Uniswap has surpassed the 2,300 mark – the highest level since early June. Although it has not yet reached the peak set in December 2024, the upward momentum of UNI's price is reinforcing investor confidence that the influx of new users could be the catalyst to help UNI approach the $20 threshold.

Active address growth | Source: SantimentThe active address index reflects the number of wallets participating in sending or receiving tokens within a day. When this index rises sharply, it is often a sign that capital flow and interest in the network are increasing – a factor that has often paved the way for significant price fluctuations of UNI.

The number of wallets holding UNI long-term is also increasing

Not only is Uniswap (UNI) lively in daily activities, but it is also witnessing a strong bullish trend in the number of long-term investors. As of now, the number of wallets holding UNI has surpassed the milestone of 375,000 – a significant jump from the figure of 352,000 at the end of March.

The number of UNI holders is increasing | Source: SantimentThis growth trend, clearly illustrated by data from Santiment, shows that accumulation behavior is taking place strongly within the investor community. The more wallets that hold UNI without selling, the more solid support there will be for the UNI price – especially as the market enters corrective phases.

TVL bullish – solid platform for UNI

The total value locked (TVL) in the Uniswap ecosystem (Unichain) has witnessed explosive growth, rising from under 200 million USD in February to over 1 billion USD in July, according to data from DeFiLlama. In less than 6 months, the TVL of this platform has increased 5 times — a clear testament to the increasingly strong appeal of Uniswap.

TVL spiking | Source: DeFiLlamaTVL is a measure of the amount of cryptocurrency assets locked in the smart contracts of the protocol. When TVL increases, it not only reflects growing confidence from the community but also creates a solid foundation for the recovery and bullish growth of the UNI token.

UNI price breakout: What lies ahead?

After months of being constrained within a descending wedge pattern, UNI has finally broken out successfully – an important signal indicating that the bullish momentum is gradually regaining strength. Although it officially broke out just yesterday, the price of UNI has shown a clear recovery trend since surpassing the $7.5 mark, while also conquering a series of important resistance levels.

Price fluctuations of UNI | Source: TradingViewCurrently, UNI is trading around $9.53, after breaking through the strong resistance zone at $8.96. The next notable price level is $9.79 – corresponding to the Fibonacci extension level 1, determined from the most recent high and low on the daily chart. If this level is surpassed, UNI may aim for the next price targets:

• $12.17 ( Fibonacci extension 1.618)
• $16.03 ( Fibonacci extension 2,.618 )
• $19.89 and $22.27 (Fibonacci extension 3,.618 and 4.236)

These are potential price zones if the bullish momentum continues to be maintained. Specifically, the mark $19.89 will represent a growth of more than 100% compared to the current price – a figure capable of attracting the attention of investors.

However, to keep the bullish trend intact, UNI needs to stay above the key support zone at $8.13 – the position of the 0.618 Fibonacci retracement level. If the price drops below this level, especially accompanied by a decrease in active wallet count or total value locked (TVL), the current bullish structure risks being broken.

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