Uniswap Price Surges as Whale Wallets Pile In Ahead of CME Futures Launch

Uniswap's price has surged by 16% to $10.3877 following a sharp breakout from a year-long rounding-bottom base.

This move is attributed to two significant catalysts: tracked whale wallets purchasing close to $4M worth of UNI on the same day, and CME Group's confirmation that it will list Uniswap futures on October 19.

The chart analysis suggests that price has cleared both EMAs and is now approaching the resistance trendline at $12.0532, with a confirmed close above this level potentially opening the path towards $15.0390.

However, if UNI falls below $9.2734, it could risk a retest of the base and expose the EMA support zone between $7.6294 and $6.0964.