Uniswap (UNI) Price Prediction: What is the Future Outlook After Whales Withdraw 278 Tokens from the Exchange and Lock-up Position Soars?

Uniswap (UNI) has started to break out strongly after a long period of Sideways consolidation. A Whale Wallet user withdrew $25 million, and the significant increase in wallet activity and user numbers all help to solidify its strong bullish foundation. The breakthrough of the key resistance level by UNI is not only a positive technical signal, but also suggests that if the current trend continues, there may be potential for doubling growth in the future.

UNI Whale Wallet Withdraws from Exchange

One of the strongest signals of confidence in Uniswap comes from the activity of whale wallets. According to data from Onchain Lens, on July 14, a new wallet withdrew 2.78 million UNI tokens from Binance, worth approximately $25.52 million. A large withdrawal of tokens from an exchange usually indicates that holders have no intention of selling in the short term, which is a common bullish signal for investors.

It is noteworthy that the Wallet withdrew $3.5 million worth of Compound (COMP) tokens a few days ago, indicating that this is not a one-time action, but rather a carefully planned accumulation strategy targeting key DeFi assets. As the amount of UNI circulating on exchanges decreases, the selling pressure also weakens, creating favorable conditions for price pump.

Regardless of the overall market trend, a whale wallet quietly increasing its holdings is often an early indicator of a strong recovery.

Uniswap user numbers rise again

Another noteworthy bullish signal comes from network activity. According to data from Santiment, the number of daily active addresses on Uniswap has exceeded 2,300, reaching the highest level since early June. Although UNI has not yet reached its peak in December 2024, the price breakout has strengthened investor confidence, as they believe that the influx of new users could serve as a catalyst for pushing the UNI price close to $20.

(Source: Santiment)

Active addresses reflect the number of wallets sending or receiving tokens daily. When this metric spikes sharply, it usually indicates increased fund flow and interest in the network—this factor has paved the way for significant fluctuations in UNI prices multiple times.

The number of wallets holding UNI for the long term is also increasing

UNI is not only active in daily trading, but the number of long-term investors is also showing strong growth. As of now, the number of wallets holding UNI has exceeded 375,000, significantly increasing from 352,000 at the end of March.

(Source: Santiment)

Santiment's data indicates that this momentum suggests strong accumulation behavior among investors. The more wallets holding UNI without selling, the stronger the support for UNI's price, especially when the market enters a pullback phase.

TVL Surge Boosts UNI Token Fundamentals

According to data from DeFiLlama, the total locked value (TVL) of the Uniswap ecosystem has shown explosive growth, jumping from less than $200 million in February to over $1 billion in July. In less than six months, the platform's total locked value has increased fivefold, which fully demonstrates the increasing attractiveness of Uniswap.

(Source: DefiLlama)

TVL is an indicator that measures the amount of crypto assets locked in the protocol's smart contracts. An increase in TVL not only reflects the enhanced confidence of the community but also lays a solid foundation for the revival and growth momentum of the UNI token.

UNI price soars, what does the future hold?

After being trapped in a descending wedge pattern for months, UNI has finally succeeded in breaking out - this is a key signal that the bulls are regaining control. Although UNI officially broke out this week, its trend has shown a significant rebound since breaking through the $7.50 level, and it has surpassed a series of important resistance levels.

The current price of UNI is approximately $9.53, having broken through the strong resistance level of $8.96. The next price level to watch is $9.79, corresponding to Fibonacci extension line 1, which is determined by the most recent high and low on the daily chart. If this level is broken, the target price for UNI may be as follows:

12.17 USD (Fibonacci extension level 1.618)

16.03 USD (Fibonacci Extension 2.618)

19.89 USD and 22.27 USD (Fibonacci extension 3.618 and 4.236)

If the upward momentum continues, these are potential price ranges. The mere threshold of $19.89 implies a price increase of over 100% from the current price—this figure is enough to attract investors' attention.

However, to maintain the upward trend, UNI needs to stay above the key support level of 8.13 USD—specifically at the 0.618 Fibonacci retracement level. If the price falls below this level, especially in the context of a decline in active Wallet numbers or total locked value, the current bullish structure will face the risk of being broken.

(Source: Trading View)