Uniswap Surges 24%; Hits a 3-Months High: Volatility Looms for UNI Amid Selling Pressure

Key Highlights

• Uniswap price rallies 24.3% to hit a 3 months of $8.42

• UNI is facing massive selling pressure with exchange netflow hitting a 7 months high

Uniswap Rallies to a 3 Months High

Over the past 24 hours, Uniswap prices have rallied hitting a 3 months high. The price spike has seen the altcoin hit $8.42 levels last witnessed in the market three months ago. The price surge arises after UNI traded sideways for three weeks.

Uniswap price chart displays a strong upward trend with a notable increase of 20.67% in the latest session, rising to $8.262. The RSI indicator suggests strong momentum, crossing above 70, indicating potential overbought conditions.

At the time of publication, Uniswap was trading at $8.34 after rallying by 24.3% over the last day. At the same time, other aspects of the altcoin also recorded significant gains. In time, Uniswap trading volume spiked by 353% reaching $1.11 billion according to data from Coinmarketcap.

Uniswap (UNI) experiences a significant price surge, reaching $8.32 with a monthly increase of 20.08%, as its market cap grows to $5.23 billion and 24-hour trading volume rises by 355.42% to $1.1 billion.

When we see prices rallying while volume is also rising, it suggest that market demand is high with investors making a comeback in the market.

After crypto market recovery, it seems that Uniswap investors are now motivated to return to the market thus driving demand high.

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Amidst this demand, we see that buyers have taken 15.38 million UNI tokens indicating significant accumulation from traders.

Will Uniswap Rally Continue?

While Uniswap prices have rallied significantly, it means that short term holders are now back in profit. Investors who have been sitting at a loss over the last 3 months are now back in profit.

In the market, this is both a good and a bad thing. It's a bad thing for bulls who are eyeing a price rally and hope Uniswap can reclaim higher levels. It's so because STHs tend to sell as they are reactive to market movement.

We can see this because investors have decided to sell and are aggressively selling UNI.

Uniswap's total exchange netflow chart depicts fluctuating trends with prominent inflows and outflows, showing significant volatility against price movements from January to June, with a noted price at $8.2.

According to Cryptoquant data, investors and traders have sent a whopping 5.6 million UNI tokens into exchanges over the last day. Such a massive inflow into exchanges suggest that holders and investors are selling. Exchange netflow support our observation that they are selling.

This metric has surged to reach a 7 month high of 2.8 million. Such high levels have been witnessed only once have the last year which was December 2024. Thus investors have taken the price rally to take profit.

Therefore, the rally is unlikely to continue. The last time netflow reached these levels, Uniswap faced strong market correction shortly after. The selling pressure witnessed here if persist, the next support level for UNI is $7.03.