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Uniswap buyers accumulate steadily, eyeing a breakout above $4.20 resistance level.

Technical Signals
06 Aug 2026
AMBCrypto
View Source
Bullish
Uniswap buyers accumulate steadily, eyeing a breakout above $4.20 resistance level.

Uniswap (UNI) has seen renewed institutional-style buying, with a wallet adding over 50K UNI tokens, bringing its total holdings to about 156K UNI worth roughly $621K. This accumulation occurred during a price pullback, indicating a strategic buy rather than speculative chasing. UNI recently broke out of a descending channel and is consolidating near $4.05, with bulls aiming to surpass the key resistance at $4.20. A sustained move above $4.20 could trigger liquidations and push prices higher, while failure to break this level may keep UNI range-bound for now. Overall, strong buyer activity and whale accumulation support a cautiously optimistic outlook for UNI's short-term price action.

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