Smart Money Moves 654K UNI Tokens to Coinbase

An address identified as smart money activity has deposited 654,288 UNI tokens, worth approximately $5.96 million, into Coinbase. The transaction, executed by address 0xf7A…147AB, locked in a profit of around $1.27 million. This profit stems from an accumulation phase between September and October, where the average purchase price was $7.16.

At the time of reporting, UNI is trading at $9.09, positioned within the Bollinger Bands on the 4-hour chart. The upper resistance is marked at $9.26, while the EMA50 at $9.04 serves as immediate support. The broader bullish structure is anchored by the EMA200 at $7.8. The MACD golden cross at 0.01 indicates trend strength, though the RSI at 51.56 suggests a neutral stance, hinting at a potential consolidation phase before any upward movement toward the upper band target.