Crypto
UNI Surges Past $10 as Whale Withdraws $10M from Coinbase
Uniswap's (UNI) token price has broken through the $10 level after a significant withdrawal from Coinbase. A fresh wallet withdrew one million UNI tokens at $10.07, totaling $10.07 million. This move coincides with the current price of $10.73.
The price is currently testing the upper Bollinger resistance at $10.1 and the RSI(14) has flashed overbought at 77.43. Analysts expect a healthy retracement to the 50-EMA support at $8.32 before further continuation.
The MACD golden cross at 0.46 and EMA200 at $6.38 indicate a bullish broader structure. Traders will be watching whether the $7.92 lower band holds on any dip.