#arbitrum Bitcoin dominance is spiking up while the BTC price trades consistently above $34,000. This can be considered a #BullishSignal , as the bulls appear to be in a gaining position. Besides, market sentiments have surged sharply beyond 70 as investors turn greedy. In the meantime, some of the altcoins have exploded, while others are closer to triggering a fine bull run. In recent times, #Chainlink has displayed an unremarkable jump by breaking above the multi-year resistance level. Uniswap, a popular altcoin, has traded below $9.5 ever since the beginning of 2022, while levels around $4 have formed a strong support level. Therefore, there are huge possibilities of a breakout loom, as more than 87% of the holders are about to wake up after a long time. As per the data from intotheblock shared by a renowned analyst, Ali, 87.5% of UNI holders are positioned at ‘Out of the Money’. This suggests the price is closer to triggering a breakout, as the selling pressure appears to have been exhausted to a large extent. Moreover, the number of UNI transactions is also slowly rising, indicating a rise in the trader’s activity with respect to #uniswap . The above chart displays the number of large transactions, which has displayed huge variation in the past few days. As per the analyst, it signals a spike in institutional players as the whales appear to be interested at around the current price levels. Therefore, there are a lot of possibilities that they position themselves well before the UNI price triggers a breakout. So when will the UNI price undergo a price rise?As mentioned above, the UNI price has been trading above the crucial support zone at $4, and to trigger a rise, it needs to break two major barriers. The major wall is at $4.23 where 7000 addresses have bought 14.24 million $UNI and the other one is at $4.45 with nearly 2000 addresses holding 10.28 million tokens. Once these barriers are cleared, a significant upswing could be triggered, lifting the UNI price above $5 initially. However, rising above $9.5 may begin a fresh bullish trend for the token in the coming days. #ordinals