Today, on March 5, 2025, Uniswap (UNI) recorded a price gain of 8%. However, it seems to be lower and is ready for a decrease, potentially due to a spilling of an crypto-whale chips.
Whale discharge 40.60 million dollars of plain tokens
Today, the transaction tracker based on the Lookonchain blockchain published on X (formerly Twitter) that an eminent Whale Crypto, Galaxy Digital, deposited 600,000 UNE token worth $ 4.37 million on Binance, the largest exchange of cryptocurrency in the world.
However, the main concern stimulating fears of a price drop is that Galaxy has already deposited a significant number of united tokens of 5.29 million worth 40.60 million dollars on Binance and OKX in last week.
Current price momen
With all this, the asset is negotiated nearly $ 7.37, earning 8% in the last 24 hours. However, during the same period, its volume of negotiation fell by 35%, which indicates a lower participation of traders and investors compared to the day before. This drop was potentially caused by the sale and fluctuations in current prices.
UNISWAP (UNI) Action of prices and the upcoming levels
According to an expert technical analysis, UNI seems to be lower because it is already negotiated below the level of crucial support of $ 8. With recent price fluctuations, he retests this level and seems to consolidate. Based on the action of recent prices and historical models, if Uni fails to climb above the $ 8 level, it could drop by 25% to 5.50 in the coming days.
Currently, the asset is negotiated below the exponential mobile average (EMA) on the daily time, indicating a downward trend. This technical indicator helps merchants and investors to determine whether the assets are upward or downward trend, allowing them to build their positions accordingly, on the long or short side.
This emptying in progress by Galaxy Digital has the potential to increase the sales pressure, further strengthening the lowering perspectives.
