- Uniswap’s UNI surged more than 16% as the platform moved closer to US stock trading on-chain.
- Large-wallet buying and strong technical indicators are supporting the rally above $8.
Uniswap (UNI) surged more than 16% in 24 hours, climbing to around $8.02 as the decentralized exchange moved closer to offering US stock trading on-chain. The rally also comes as large wallets accumulate UNI ahead of potential wider institutional use of decentralized equity markets.
UNI Rally Follows US Stock Trading Move
Uniswap is positioning itself as an on-chain venue for US equities, adding a new use case to the decentralized exchange. The move has increased attention around UNI as traders assess the potential impact of bringing traditional financial markets onto blockchain infrastructure.
The latest rally pushed UNI well above its 50-day EMA at $6.59 and 200-day EMA at $5.59. These levels have supported the broader bullish structure over the past six months.
At the time of the analysis, UNI was trading around $8.02, reflecting the strong price increase recorded over the previous 24 hours.
Large Wallets Add to UNI Positions
On-chain activity has also contributed to the bullish picture. Arthur Hayes accumulated 323,901 UNI at an average price of $6.94 since September 5. The position was valued at about $255,000 in unrealized profit based on the reported price.
Another wallet recently withdrew 327,872 UNI from Flowdesk at an average price of $6.24. That position was showing approximately $488,000 in gains at the time of the analysis.
These transactions suggest that some large holders are positioning for further UNI demand as Uniswap expands beyond traditional decentralized trading.
UNI Faces Short-Term Technical Resistance
Despite the sharp rally, technical indicators point to the possibility of a pullback. UNI was testing the upper Bollinger Band around $7.81, while its RSI(14) stood at 78.91, indicating elevated buying pressure and increased short-term volatility.
A retracement toward the 50-day EMA near $6.59 could provide a potential support area before another move higher. Meanwhile, the MACD remained bullish, with its golden-cross signal at 0.33 supporting the broader upward trend.
For UNI, the combination of US stock trading expansion, large-wallet accumulation and strong technical momentum has placed the token in focus. The next test will be whether buyers can sustain the move above $8 without a deeper retracement.
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