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Uniswap hits eight-month high above $6, boosted by whale and institutional buying.

Technical Signals
02 Sep 2026
AMBCrypto
View Source
Bullish
pluang ai news

Uniswap (UNI) surged past the $6 resistance level, reaching an eight-month high of $6.37, driven by strong buying from whales and institutional investors. Significant market activity included Wintermute acquiring over $11 million worth of UNI and a whale purchasing 540,000 UNI before the price crossed $6. Despite some profit-taking indicated by increased spot netflow, bullish momentum indicators suggest the uptrend may continue, potentially pushing UNI above $7 if demand holds. However, strong profit-taking could cause a pullback to around $5.4 if selling pressure intensifies.

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