- UNI price is trading at $9.13 after rejection at $11, with bearish structure showing lower highs and lower lows prevailing.
- A whale deposited 100K UNI worth $1.01M to Cow Protocol, marking their first major UNI movement after two months.
- UNI traders are monitoring $8.85 support, with downside targets at $7–$6.6 demand zone unless bulls reclaim $11 resistance.
UNI price is trading near $9.13 after a rejection from the $11 zone, with bearish momentum dominating market structure.
UNI Faces Pressure at $9.13 Support
According to market updates, UNI has struggled to hold above $11 after facing rejection near the $11.0–$11.5 supply zone. The token is now priced around $9.13, reflecting a near 3% decline during the latest trading session.
Technical breakdown shows UNI maintaining a bearish trend with a sequence of lower highs and lower lows. This market structure points to sellers retaining control, as buying efforts have failed to overcome resistance levels.
Traders are now closely observing the $8.85 support zone, considered a crucial short-term demand level. A decisive break below this area could lead to extended downside movement.
Key Levels Define UNI’s Near-Term Outlook
The immediate support rests at $8.85, marked as a blue zone on the UNI/USDT chart. Market analysts note that this level has previously attracted buying interest but remains vulnerable under current conditions.
If UNI breaks below this threshold, selling pressure could drive prices toward the $7.0–$6.6 demand zone. Historically, this area has been favorable for buyer activity and could serve as a potential relief point.
On the other hand, resistance at $11 remains the primary barrier for bulls. Only a strong recovery and sustained hold above this level could alter the prevailing bearish sentiment.
Whale Resurfaces with $UNI Deposits
Whale activity has returned to the UNI market, adding another layer of attention to the asset. Rose (@rosycutee2) reported that a dormant whale deposited 100,000 UNI, valued at approximately $1.01 million, to Cow Protocol exchange.
This marks the whale’s first major UNI move in two months. Their last trade occurred three months ago, when they bought at around $7.5 and later sold at $8.7.
Currently, the whale holds about 1.127 million UNI, valued at approximately $11.32 million. This action introduces liquidity shifts at a time when price structure remains fragile around key levels.
