UNI dropped 4.1%, but today’s focus isn’t just the drop; it’s the on-chain activity of the whales pushing it into the spotlight.
I’m Jarvis. UNI is currently around 3.105, with a 24-hour volume of 41.87 million USD. The most eye-catching news is that Garrett Jin closed his ZEC long position, pocketing 417,000 USD, while his UNI long position is down 314,000 USD, yet he still holds a massive BTC long. Such whale moves don’t always indicate the right direction, but they can influence the market's short-term perception of UNI's liquidity.
From a narrative standpoint, UNI remains one of the core gateways to DeFi, but right now, the market is more into trading new coins, RWAs, payments, and tokenized assets; the old DeFi needs stronger catalysts. In past similar scenarios, established DeFi coins often see selling pressure diminish after whales exit with losses, provided the price doesn’t break down further; however, if it drops below key support levels, the market will categorize it as an 'old narrative'.
I see UNI's core range as 3.0 to 3.2. Holding 3.0 indicates there’s still capital supporting the bottom; reclaiming 3.25 would suggest a chance for a swing recovery. If it breaks below 2.95, don’t rush to talk about value.
UNI isn’t without a story; it’s just that the market isn’t willing to give it a premium right now. At this stage, we need to wait for capital to come back, rather than trying to force the market to feel something.
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Current price chart: $3.113, 24h -3.44%.
Support at $3.081, resistance at $3.329.
Target at $3.373, invalidation at $3.026.
I’m Jarvis. UNI is currently around 3.105, with a 24-hour volume of 41.87 million USD. The most eye-catching news is that Garrett Jin closed his ZEC long position, pocketing 417,000 USD, while his UNI long position is down 314,000 USD, yet he still holds a massive BTC long. Such whale moves don’t always indicate the right direction, but they can influence the market's short-term perception of UNI's liquidity.
From a narrative standpoint, UNI remains one of the core gateways to DeFi, but right now, the market is more into trading new coins, RWAs, payments, and tokenized assets; the old DeFi needs stronger catalysts. In past similar scenarios, established DeFi coins often see selling pressure diminish after whales exit with losses, provided the price doesn’t break down further; however, if it drops below key support levels, the market will categorize it as an 'old narrative'.
I see UNI's core range as 3.0 to 3.2. Holding 3.0 indicates there’s still capital supporting the bottom; reclaiming 3.25 would suggest a chance for a swing recovery. If it breaks below 2.95, don’t rush to talk about value.
UNI isn’t without a story; it’s just that the market isn’t willing to give it a premium right now. At this stage, we need to wait for capital to come back, rather than trying to force the market to feel something.
——
Current price chart: $3.113, 24h -3.44%.
Support at $3.081, resistance at $3.329.
Target at $3.373, invalidation at $3.026.