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Uniswap Price Analysis: Insider Wallet Likely to Sell Nearly $10M in UNI, Crash Ahead?

source-logo  coingape.com 27 July 2024 13:20, UTC

The cryptocurrency market experienced a notable rebound mid-week, with Bitcoin climbing from $63,424 to $68,252. Accompanying this surge, the Uniswap price analysis shows a quick reversal from multi-month support at $7. This bullish turnaround uplifted the asset by 10% to trade at $7.734, while the market cap jumped to $4.63 Billion. However, concerns of a potential correction have emerged following a substantial deposit of UNI tokens by a wallet associated with the Uniswap team.

coingape.com