Foreign media reports that the Uniswap token has rebounded by about 122% from its recent low, with the price rising to around $5.14. The report cites Binance’s flow data, which indicates that during the price recovery, large-scale addresses did not significantly shift to selling, and the outflow from exchanges remains at a high level. This continues to draw market attention to whether short-term supply will tighten.
Binance still sees significant outflows at high levels
Reports show that over a period of nearly 30 days, the average daily outflow of UNI from Binance was about 5,300 coins. Earlier on, this figure peaked at around 7,400 coins on May 29th, and on June 18th, the daily outflow even exceeded 15,000 coins.
The article mentions that the outflow from exchanges does not necessarily equate to an increase in holdings; tokens may also leave an exchange due to custody adjustments or transfers to other platforms. However, during periods of rising prices, continuous withdrawals by large accounts are usually considered a supply-side signal that deserves attention.
The range of $4.5 to $4.8 is considered a short-term observation zone.
From the trend perspective, UNI has broken through the previously prolonged downward channel and once again risen above $4, subsequently breaking through the resistance range of $4.5 to $4.8. Reports suggest that this range has now shifted from resistance to short-term support, and whether it can be maintained in the future will determine the effectiveness of this breakthrough.
If the price can remain above this range after a pullback, the market will next focus on the $5.5 to $6 range. The article states that around $6 is the next significant resistance area.
Foreign media identifies $7.8 as the next resistance level
Commentary articles suggest that if UNI continues to stay above $6 in the future, the next major resistance level on the higher time frame charts will be around $7.8. On the contrary, if the daily chart falls back below $4.5, the previous breakout will be weakened; if it further loses ground below $4, prices might revisit the $3.4 range.
Overall, the core conclusion of this article is that the recent rebound of UNI has brought the price into a new range, and the large-scale outflows from Binance provide additional evidence to support this trend. In the short term, whether the price can hold between $4.5 and $4.8 remains the focus for market observers to determine the subsequent direction.
