Bitcoin

Uniswap

<ul><li>Uniswap (UNI) has increased by 4% since the beginning of the week.</li><li>As hodlers transfer their tokens to more exchanges, sell orders continue to accumulate on top exchanges.</li><li>UNI will face significant resistance at $5.9.</li></ul>Uniswap (UNI) price has increased by 4% in the last 3 trading days. However, crypto investors are not certain about the bull momentum. Will bears cause another drop?When altcoin markets increased by 5% on April 26, Uniswap showed a bullish price increase. However, on-chain data shows that Uniswap hodlers are transferring their tokens to exchanges more and more. Could bears be setting up bull traps?<h2 id="header-0">Uniswap Investors Are Sending UNI to Exchanges!</h2>On-chain data shows that Uniswap investors have been transferring a significant portion of their tokens to exchanges in recent weeks. Glassnode’s Exchange Balance metric tracks the real-time balances of a token deposited into recognized exchange wallets.When examining the graph below, it can be seen that the balances of UNI deposited into exchange wallets increased by 4.2 million tokens between April 2 and April 25. This corresponds to an 11% increase in tokens ready to be traded on the market.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/450fcfc111ec4d9da32b464b2f92ad08.png" />Investors may aim to make short-term profits when they transfer their assets to exchanges. Therefore, with investors transferring such a large amount of tokens to exchanges in a short period of time, Uniswap may face selling pressure in the coming days.Continue Reading: <a href="https://en.coinotag.com/what-can-uniswap-uni-investors-expect-uni-price-prediction/" rel="noopener noreferrer nofollow">https://en.coinotag.com/what-can-uniswap-uni-investors-expect-uni-price-prediction/</a>

What can Uniswap (UNI) investors expect? UNI price prediction!

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