Recently, Uniswap (UNI) set a new record in daily purchases with $25.16 million, experiencing one of the largest buying waves from 2021 to date. Additionally, in the past week, $54.6 million worth of UNI tokens were withdrawn from exchanges, indicating long-term investors’ interest in buying at lower prices. This trend shows that investors have used the recent price dip to accumulate tokens. Following the recent price drop of Uniswap, this digital currency has stabilized around $8, but in futures markets, whales are still in volatile positions. According to Hyblock data, the Whale vs. Retail Delta indicator has fluctuated between green and red statuses in February. If this indicator remains green, the likelihood of whales dominating and Uniswap recovering increases. Moreover, Uniswap has recently introduced a new version of its platform, Uniswap V4, which has made improvements in capital efficiency and token swap routes across 12 networks. This new version has attracted $50 million within just one week of its launch. However, CoinDesk analysts believe that Uniswap V4 needs more time to achieve significant success and attract considerable liquidity. Currently, Uniswap’s price has decreased by 54% from its highest level in December, which was $19. However, this correction has tested the $7.5 support level, which played a key role in the important rallies of March and November 2024. If this level acts as a launchpad again, Uniswap’s price could increase to the range of $15 to $20 in the medium term. You can monitor the prices of all tokens and cryptocurrencies live on the momentary price page of digital currencies.
