Discover if Uniswap can achieve a $20 price target as whales show strong activity. Explore the potential for significant growth in the UNI token.
The dominance of Uniswap (UNI) in the decentralized exchange (DEX) market continues to rise. In 2024, Uniswap’s network activity has surged from 36.8% to 91.3%, attracting over 45.3 million users. The significant growth solidifies Uniswap’s position as the leading decentralized exchange. Meanwhile, a whale purchasing 100,000 UNI tokens worth $1.42 million demonstrates investors’ confidence in this asset. Currently, UNI’s price has reached $13.3 with a daily growth of 2.5%. Technical analysis indicates the formation of a symmetrical triangle pattern, which often leads to significant price movements. Breaking the $12 resistance level could propel UNI towards $20 or higher, offering substantial profits to traders.
