Uniswap (UNI) is testing a key resistance zone between $3.70 and $3.95, with a breakout indicating a potential bullish reversal. Institutional investor Cumberland DRW has accumulated approximately $2.03 million worth of UNI from exchanges, boosting market confidence. The token has rallied nearly 60% from its June low over 20 days, making it a strong performer in the DeFi sector. At the time of writing, UNI trades at $3.64 with a market capitalization of $2.28 billion. The outcome depends on whether buyers can push through the $3.95 resistance level.
Uniswap (UNI) is testing a crucial resistance zone while trading beneath a long-term descending trendline, keeping the broader market structure under bearish control. According to analyst Cryptorphic, the $3.70–$3.95 range remains the key hurdle, with sellers continuing to defend the level.
Unless buyers secure a decisive breakout, upside momentum is likely to remain limited. If the present resistance fails to accept prices, a further downtrend could occur, taking UNI back to range levels and potentially touching June lows.
Data from Nazoku shows that Cumberland DRW withdrew approximately $2.03 million worth of UNI from OKX and Binance exchanges. This move has generated interest as large fund movements from centralized exchanges often indicate institutional interest.
The purchase comes at a time when UNI is riding a strong recovery trend, having rallied over 60% since its June low in just 20 days. This recovery has made the DeFi token one of the leading tokens in the market.
Despite the bullish indicators, the Uniswap price is moving in a neutral region. This trend is backed by the general crypto market movement, with Bitcoin price also moving sideways.
The next steps depend on whether buyers can push UNI above the $3.95 resistance level. A successful breakout could increase upside momentum and attract more buyers, while another rejection may resume selling pressure.
