Uniswap (UNI) Whales React Positively as ‘V4 Upgrade’ Price Impact Kicks In

BeInCrypto
BeInCrypto

28 Jun 2023 1:00 PM

Uniswap Whales Reaction to the recent 'V4' upgrade has triggered a 40% price rebound. Can the UNI bulls push for $6 next?...

  • Uniswap (UNI) price has rebounded 40% since reaching a bottom of $3.7 on June 10.
  • The recent development activity on the Uniswap network has attracted the attention of whale investors.
  • The "V4 Upgrade" announced on June 13 is expected to lower transaction costs and introduce new features.
  • Developer activity on the Uniswap network has increased by more than 9% between June 6 and June 28.
  • UNI whales have shown increased interest in the new features, with large transactions soaring by 160% between June 22 and June 27.
  • The rising developer activity and bullish sentiment among UNI whale holders could lead to further price gains.
  • The bulls are targeting a price above $6, but they must first break through the $5.50 resistance level.
  • If the bullish momentum is sustained, Uniswap price could rally towards the $6 target.

The article has a generally positive sentiment, highlighting the rebound in UNI price, increased development activity, and the attention of whale investors. It also mentions the potential for further price gains and bullish sentiment among UNI holders.

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You May Ask

How much has the UNI price rebounded since reaching a bottom on June 10?What new features are introduced in the "V4 Upgrade" of Uniswap?How has developer activity on the Uniswap network changed in June?How are whale investors reacting to the new features introduced in the upgrade?What is the price target and resistance level for UNI in the coming weeks?

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