Today, on March 5, 2025, UNISWAP (UNI) recorded 8%price profit. However, it looks weak and is ready to decline due to cryptocurrency dumping uni tokens.
Unit tokens worth $ 46 million in whale dumps
Today, LockonChain, a blockchain -based transaction tracker, published X (previous Twitter) that Galaxy Digital, a prominent password whale, has deposited $ 4.3 million for $ 4.3 million on Binance, the world’s largest cryptocurrency exchange.
But the main concern for fear of a drop in price is that Galaxy has already deposited 52.9 million unit tokens of $ 46 million last week to Binance and OKX.
Current price momentum
All of this is traded near $ 7.37, increasing 8%over the last 24 hours. However, during the same period, trading volume decreased by 35%, indicating that the participation of traders and investors was lower than the previous day. This reduction was caused by potentially due to sales and continuous price fluctuations.
Uniswap (UNI) price behavior and upcoming level
According to expert technology analysis, the UNI seems to be weak because it is already trading below $ 8 important support. Due to the recent price fluctuations, this level has been tested again and it seems to be integrated. Based on the recent price behavior and historical patterns, if the UNI does not rise to more than $ 8, it can decrease by 25% in the future, reaching $ 5.50.
The current assets are traded below 200 index moving average (EMA) over the day, showing a weak trend. This technical indicator helps traders and investors determine whether their assets are in the upper or down trend, so that they can build their position accordingly in the long and short side.
This continuous dump by Galaxy Digital can increase sales pressure to strengthen the weak prospects.