The whale crazily withdrew 12,680,000 UNI! The $5.952 lifeline is revealed — is this drop actually a 'golden pit'?
'There are no eternal enemies in the crypto world, only eternal interests.' On the eve of the Unification proposal submission, a certain whale withdrew $12,680,000 UNI from Coinbase, causing the market to explode — some shouted 'bear attack', while others sensed the taste of a 'golden pit'.
News: The 'smokescreen' of the whale and the key price password
The news shows that the whale's withdrawal occurred below the critical resistance level of $5.952. Why is this position important? It is the 'ceiling' that UNI has failed to break through three times since June and also serves as a 'touchstone' for major funds to test retail investor sentiment. Today, the price was tested multiple times at $5.8 without success, seemingly indicating strong bearish sentiment, but in reality, it hides a mystery — the whale withdrew $12,680,000, which appears to be a 'bearish signal', but combined with historical data, such actions are often a signal for the major player to 'reverse and pick up the bargain'.
Shen Wansan believes: The whale's withdrawal of funds at this time seems more like making space for a subsequent rise. The strong support at $5.4 hasn't been broken, indicating ample buying support below. If the news aligns (e.g., positive proposals), this drop of $0.2 to $5.5 is precisely the 'golden pit' for the main force to accumulate positions.
Technical analysis: The 'psychological battle' of support and resistance
Support level: $5.4 is the 'line of life and death', if it breaks, it may trigger panic selling;
Resistance level: $5.952 is the 'ghost gate', having faced three attacks without breaking, which has shaken retail investors' confidence;
Trading volume: The trading volume during today's decline did not significantly increase, indicating that the selling pressure mainly comes from retail investors, and the main force has not sold off in large quantities.
Player operation idea: Don't be cut by the 'false bears'.
Players holding UNI should be most wary of 'chasing highs and killing lows' at this moment. My advice is:
Short-term players: If the price rebounds to around $5.8, consider partially reducing positions to lock in profits; if it drops to around $5.5, gradually buy back to bet on a rebound from the 'golden pit'.
Long-term players: $5.4-$5.5 is the 'diamond bottom', you can increase positions on dips, but be sure to set a stop-loss (e.g., $5.3);
Key signal: Pay attention to the progress of the Unification proposal and Coinbase's subsequent withdrawal actions—if the proposal brings positive results, combined with large whales buying in again, UNI may directly break through $5.952, aiming for $6.0.
Shen Wansan's view: The current pattern is similar to a 'false breakout + pullback confirmation'. If the price stabilizes between $5.5-$5.6, combined with increased trading volume, it is likely to form a 'double bottom' pattern, building momentum for a subsequent rise.
But the real turning point may be hidden in an unexpected corner—such as the 'token economic model adjustment' concealed in the proposal, or the 'dark warehouse' quietly laid out by certain institutional investors. Want to know more exclusive analysis? Follow Shen Wansan, who will help you dissect the 'overt schemes' and 'covert schemes' in the crypto world, grasp the key to wealth!
Information asymmetry is the line between life and death. Follow Shen Wansan to get first-hand news interpretation and technical analysis; this time, don't let opportunities slip through your fingers!
