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UNI traders are optimistic, but here’s why there’s the emerging Q of ‘how long’
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UNI’s performance last week was commendable as it outperformed many of the market’s usual top gainers with >10% gains of its own. Needless to say, this development brought some respite to hopeful investors.
At press time, UNI was trading at $6.33 with a market capitalization of over $4.8 billion. UNI’s latest movements have a lot to do with developments in the ecosystem, each of which might have pushed its price north.
However, several market indicators and on-chain metrics suggest that a trend reversal might happen soon.
On 29 September, UNI made its place among the top 5000 Ethereum whales’ holdings. This development, while promising, is also a sign of whales’ trust in the altcoin.
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