Uniswap Whales Accumulate as Token Tests $6.53 Support After Downtrend Break

Crypto analysts are noting a resurgence of interest in the Uniswap (UNI) token, with large investors accumulating as the cryptocurrency tests key price support levels. This follows a period of downtrend that has seen UNI stall at around $6.9 before ultimately testing its crucial support level of $6.53. Uni-derived analysis suggests this accumulation may signal confidence in the market and could lead to further upside.