UNI price surges as $2.33M whale buy sparks breakout buzz across markets

UNI price surges as $2.33M whale buy sparks breakout buzz across markets
Benson Toti
May 20, 2026, 07:17 A.M.

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UNI breakout attempt

Buy Uniswap (UNI) for a push through $3.75–$4.10, fueled by the $2.33M whale accumulation, falling volume (-22%) and cooling derivatives leverage (open interest -0.43%)—a setup where upside can extend if sellers stay light. Target $4.10 first, then $4.20+ if it clears the supply wall near the 100/200-day EMAs. Key risk: the whale is a one-off liquidity grab and broader crypto risk-off hits, causing UNI to reject $3.75–$4.10 and fall back toward $2.90–$3.00 support.

Key Risk: UNI fails to clear $3.75–$4.10 and rolls back on renewed selling/risk-off.

UNI supply-wall fade

Sell/short Uniswap (UNI) into $3.65–$3.75 and especially $3.75–$4.10 if price stalls under the moving-average “supply wall.” The article flags a persistent sell signal from longer-term positioning and neutral RSI/Ichimoku—meaning rallies can fade without trend confirmation. Target a retest of $3.35 then $2.90–$3.00 if momentum breaks. Key risk: a real breakout with sustained volume and follow-through above $4.20 turns the supply wall into support.

Key Risk: UNI breaks and holds above $4.20 with real volume, invalidating the fade.

  • Uniswap price was up 4% and testing $3.60.
  • The surge to intraday highs means UNI could retest a recent peak.
  • However, UNI remains constrained beneath critical resistance.

Uniswap UNI edged higher Wednesday as buyers pushed the decentralized exchange token back toward a notable resistance area, delivering relief after recent weakness.

The UNI token traded at around $3.60 at the time of writing, with prices up roughly 4% over the past 24 hours.

This saw Uniswap rank among the day’s stronger performers, but technical indicators and on-chain metrics suggest the token may still encounter headwinds before reclaiming a clear bullish trajectory.

Uniswap notches gains

UNI’s intraday advance follows its recovery from this week’s lows around $3.35.

The bounce appears to have been aided by a decline in selling pressure, as indicated by CoinMarketCap data, which shows intraday trading volume down by approximately 22%.

The token is eyeing gains amid new whale activity, with two wallets recently accumulating more than 656,330 UNI for roughly $2.33 million.

The buying suggests bulls may be positioning ahead of a potential breakout. 

In terms of technical setup, this uptick comes amid subsiding liquidations and thinner order books.

Open interest in derivatives markets has also cooled, dipping by roughly 0.43%, a development that traders often interpret as reduced speculative leverage, which can temper extreme price moves in either direction.

Uniswap price forecast: sell signal persists

UNI’s recovery is nonetheless gradual rather than explosive, and a retest of recent highs around the $3.65-$3.75 could fizzle.

In fact, the current price levels are close to a supply zone that has previously capped upside momentum.

The daily chart, for instance, shows that while the overall technical picture points to a buy opportunity, the price hovers below key moving averages on the daily chart.

As the chart below shows, the 100-day and 200-day exponential moving averages converge near the current trading band.

Currently, they form a supply wall that has historically limited upward moves.

However, the relative strength index (RSI) sits in neutral territory, suggesting there is room for further upside.

The Ichimoku Base Line also rests in a neutral zone, reinforcing the absence of a decisive trend.

Uniswap price chart by TradingView

A mixed technical outlook, therefore, paints both a lingering sell signal from longer-term positioning and moving-average alignment, and potential upward extension.

In practical terms, the token could test the resistance zone before retreating.

UNI has been in a horizontal channel since sliding below $4.20 in late January, and sideways trading could continue if buyers fail to inject fresh volume.

Sellers reasserting control could push prices back toward recent lows.

The key technical levels to watch in the immediate term are $3.75-$4.10, which represent recent highs and the prior supply zone.

UNI touched a high of $6.20 in December 2025. If selling mounts, support could be in the $2.90-$3.00 range, levels that align with a previous consolidation area.