Uniswap (UNI) Whale re-entry sparks 12% price jump, targeting $15.16 and $19.34

This renewed excitement around UNI coincides with a notable whale re-entry. Blockchain tracker @ai_9684xtpa reported that a Uniswap whale, dormant

Key Notes:

* Uniswap (UNI) is showing signs of a massive cup formation on the weekly chart, which could signal a substantial rally in the coming months.

* If this structure plays out, UNI could target $15.16 and even push to $19.34.

* This setup follows a strong base zone and has the potential for a major breakout.

* The RSI is shifting from oversold to overbought territory, indicating a change in momentum.

* Overall, this setup is long-term bullish for UNI.

Crypto insights platform Rose Premium Signals noted on X that Uniswap (UNI) is showing signs of a massive cup formation on the weekly chart, a classic bullish setup. According to them, if this structure plays out, UNI could target $15.16 and even push to $19.34 in the coming months.

"Massive cup pattern forming for UNI on the weekly chart as it holds a strong base zone and has the potential for a major breakout," the crypto analyst noted. "Target 1: $15.16. Target 2: $19.34. Momentum is shifting—this setup is 🔥 long-term bullish!"

Earlier this month, Uniswap became the first decentralized exchange to surpass $3 trillion in cumulative trading volume.

On the daily UNI price chart, the RSI currently stands at 57, indicating moderate bullish momentum without entering the overbought region. This suggests further room for upside if buying pressure persists.

UNI price chart with RSI and Bollinger Bands | Source: Trading View

Bollinger Bands are starting to widen after a period of contraction, with price hovering just above the middle band (20-day SMA). If UNI breaks above the upper band, traders could see a stronger rally toward the next resistance at $8.00.

However, a drop below the lower band might trigger bearish sentiment.

Meanwhile, the A/D indicator is gradually rising, suggesting more inflows than outflows and that smart money might be building positions quietly.

UNI price chart with Accumulation/Distribution | Source: Trading View

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