Uniswap Price Jumps 122% as Binance Whales Keep Buying: $7.80 Target Next?
UNI price has rallied 122% from $2.48 to around $5.14, yet Binance whale flows suggest large holders are still accumulating rather than exiting into strength. The latest data shows roughly 5,300 UNI leaving Binance on average each day, reinforcing the supply-side bullish narrative. Meanwhile, UNI has broken above a prolonged descending channel and reclaimed the $4.50-$4.80 resistance zone. With the breakout now facing its key confirmation test, $7.80 has emerged as the next major upside level to watch.
Binance Whale Outflows Keep the Supply Picture Tight
The Binance data shows that large-holder activity accelerated well before UNI reached its current price range. The 30-day average of the top 10 daily UNI outflows climbed to approximately 7,400 UNI on May 29. Whale activity intensified again on June 18, when the top 10 outflows exceeded 15,000 UNI in a single day. The average has since eased to around 5,300 UNI, but the reading remains substantial following UNI’s 122% price rally.
Exchange outflows should not automatically be classified as accumulation because tokens can be transferred for several reasons, including custody changes or movement between trading venues. However, persistent withdrawals from large holders while price trends higher are relevant to the supply-demand equation.
UNI Price Analysis: Can Uniswap Break $6 Next?
UNI’s daily chart has delivered a second major signal: a breakout from a prolonged descending channel. The channel had defined the broader bearish structure through a series of lower highs. UNI eventually based around $3.00-$3.40, then reclaimed $4 and pushed through the $4.50-$4.80 resistance band. With UNI now around $5.14, that former resistance has become the level bulls need to defend.
A successful retest of $4.50-$4.80 would confirm the breakout and preserve the higher-low structure. From there, $5.50-$6.00 becomes the next supply zone. A sustained break above $6 would significantly improve the technical case for a move toward $7.80, the next major higher-timeframe resistance highlighted by the chart. The invalidation level is equally important. A daily close back below $4.50 would put the descending-channel breakout at risk. A deeper loss of $4 would expose the $3.40 area and signal that the recent recovery has failed to establish a durable higher range.
Bottom Line
UNI’s 122% recovery has moved the token into a new technical range, with whale outflows providing a supportive supply-side signal. The immediate level is $4.50-$4.80; holding it keeps $5.50-$6.00 in play, while a decisive break above $6 would strengthen the path toward $7.80. A sustained move below $4.50 would weaken the breakout and expose lower support.
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