The DeFi ecosystem continues to be full of positivism, this time the one who stands out is UNI from Uniswap, which is generating more and more attraction among large investors.
At the time of this writing UNI is trading at $ 14.76, gaining 17.60% in the last 24 hours as large amounts of capital hit its market.
The locked value of the Uniswap exchange also reached historical levels in recent days, which assures us that the adoption of the protocol is on par with the increase in the price of its native token.
Uniswap’s UNI is gaining traction by galloping steps
According to data from Santiment UNI, it is in third place among the topics of interest regarding the crypto ecosystem, discussed on social networks.
This is accompanied by an increase in whales that accumulate the token, demonstrating the growth of the influx of important investors to this space.
Santiment indicates that the number of UNI whales has exploded since the beginning of the month.
“Uniswap just broke the all-time high and crossed $ 13 for the first time. The new whale directions are a clear reason! Data from our whale keepers indicate that addresses with 100,000 or more UNIs have inflated to a new high at 237. ‘
The trend is undoubtedly bullish
The daily chart of the price of this token tells us that the probabilities will remain on the bullish side, until the opposite is proven.
With yesterday’s all-time high the UNI trend was resumed, and momentum is probably just beginning.
This token has just entered uncharted terrain, and this is when it will start to surprise us with great volatility, with most of the odds on the upside.
The rise for the next few weeks / months will clearly not be without setbacks, but these will be nothing more than breaths before continuing in search of all-time highs.
The immediate support that the bulls should defend in the short term is at $ 11.35, as long as it is not crossed, the price will not seek to make a wide retracement.
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