Uniswap extends losses as active addresses stay above three-month average: weekly review

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Uniswap falls 11.32% this week

Highlights

UNI continues to trend downward, trading beneath major moving averages and indicating persistent medium- and long-term selling pressure.
Technical indicators confirm bearish momentum, with selling signals dominant and no major indicator suggesting immediate upside reversal.
UNI is expected to consolidate between $2.75 support and $3.30 resistance over the next week, with downside risk prevailing.

Whale-driven exchange inflows drive selling yet network activity holds up

A long-term Uniswap token holder transferred 2.16 million UNI, valued at about $6.61 million, to Binance after holding them for roughly a year, leading to a marked increase in exchange inflows. This significant whale-driven transaction has resulted in greater selling pressure on the asset. Despite these developments, Uniswap's network activity remains resilient, with active addresses still 3% above the three-month average.

Entrenched downside momentum as indicators reinforce resistance zones

On the weekly timeframe, UNI is trading well below its major W1 moving averages (MA-20, MA-50, MA-200), reflecting entrenched medium- and long-term selling pressure with the MA-20 at $3.6060 acting as initial dynamic resistance. Weekly volatility is elevated at 16.76%, and all core indicators (MACD, RSI) signal strong selling momentum. The ADX indicates a weak trend, while additional oscillators such as the Stochastic RSI and Commodity Channel Index show neutral to oversold conditions. Weekly support is observed at $2.75, with resistance near $3.30.

Tight consolidation range expected as sellers retain weekly control

For the next 7 days, UNI is expected to trade within a range of $2.75 to $3.30 based on weekly indicators and recent volatility. Consolidation between these levels is the most likely scenario, given persistent negative momentum and seller dominance. There is less than a 20% chance of UNI mounting a significant upward breakout, though a close above $3.30 could point toward $3.40. However, a break below $2.75 would likely accelerate declines toward the $2.60 region.

Jainam Mehta, market strategist, observes that Uniswap (UNI) remained under pressure this week, losing 11.32% and closing beneath all its major weekly moving averages. He notes that a significant whale transfer to Binance has heightened selling pressure, while indicators such as MACD and RSI continue to confirm a strong bearish momentum. Mehta believes the likely scenario for the coming week is continued consolidation between $2.75 and $3.30, as technical resistance and support levels remain unchallenged. "Unless UNI can regain strength above $3.30, I expect sellers to stay in control — with any break below $2.75 setting up a tactical move toward $2.60."

Earlier, analysts noted that Uniswap remained under persistent bearish pressure, with technicals suggesting limited prospects for a near-term reversal. The latest uptick in large exchange inflows and continued momentum to the downside reinforce this view, making the $2.75 support a pivotal level for traders to monitor over the coming week.

Source of Data: UNI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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