💵 AMBCrypto: $UNI Is For More Trouble?

According to on-chain data, the investor transferred 1.36 million UNI tokens, worth more than $15 million at prevailing market prices, to Binance in the last 48 hours.

Notably, the whale purchased 1.53 million when UNI’s price was $6.45. As of this writing, the wallet has been drained off all UNI holdings, suggesting potential profits worth $6.5 million on the total investments.

At the moment of the report, $UNI is trading at:

- $11.079 on OKX exchange

- $11.074 on WhiteBIT exchange

- $11.073 on Binance exchange

AMBCrypto examined some of UNI’s key technical indicators to better understand its next potential moves on the charts. The Relative Strength Index (RSI) was hovering around 40. A dip below this level could pave way for further downsides in the days to come.

The On Balance Volume (OBV) largely mirrored the price trend, implying that downtrend could likely continue.

The Moving Average Convergence Divergence (MACD) crossed below the signal line, and seemed likely to dip below zero, a strong bearish signal.

#Uniswap’s