Uniswap’s native token, UNI, has recently caught the attention of crypto traders and investors after showing a notable 5% price increase. This rally coincides with Uniswap’s Unichain leading Ethereum Virtual Machine (EVM) chains in transaction growth. But despite this surge in activity, there are signs of caution as key resistance levels and large holder behavior create uncertainty about whether this momentum can last.

Unichain Transactions Climb Sharply Despite Fewer Active Addresses

One of the most striking developments is Unichain’s performance within the competitive EVM space. According to recent reports, Unichain’s transaction volume increased by an impressive 32% even though the number of active addresses dropped by 4.1%.

This contrast suggests that while fewer individual users are active, those who remain are transacting more frequently or in higher volumes. Experts speculate that this could be the result of new incentives introduced by Uniswap or more efficient trading protocols encouraging deeper engagement among core users.

As of June 16, 2025, UNI was trading at around $7.58 following a daily gain of over 5%. This uptick appears to be fueled by the spike in activity, hinting at growing optimism in the market.

How UniswapX’s Gasless Limit Orders Could Fuel Further Gains

Adding to the excitement around UNI is the introduction of UniswapX’s zero-gas limit orders—a feature designed to allow traders to place buy or sell orders without paying gas fees.

This innovation is important because gas fees have long been a barrier for many users on Ethereum-based decentralized exchanges (DEXs). By eliminating this cost, UniswapX could attract a broader base of traders, both retail and institutional.

Moreover, UniswapX combines both on-chain and off-chain liquidity to offer better pricing and execution. This hybrid approach may significantly improve trading experiences and make Uniswap a more attractive platform overall.

If this upgrade gains widespread adoption, it could boost UNI’s utility and drive demand, potentially powering a sustained rally in its price.

Whale Behavior Remains a Key Factor in UNI’s Price Outlook

Despite encouraging signs from transaction data and technological upgrades, large holders of UNI—often referred to as “whales”—are sending mixed signals. Over the past month, netflows from whale wallets dropped by 93%, while a longer 90-day trend shows a netflow decline exceeding 150%.

This volatility points to cautious behavior among major investors who may be taking profits or repositioning their holdings rather than aggressively accumulating. Such hesitation can place a ceiling on UNI’s price advances unless large holders resume buying.

However, another notable trend could work in favor of UNI: exchange outflows have surged by over 50%, while inflows decreased by nearly 20%. This means more UNI tokens are leaving exchanges and moving into private wallets or staking platforms.

Typically, when tokens exit exchanges, it reduces the available supply for sale and signals growing confidence among holders, which can precede price increases.

Critical Resistance Levels and Liquidation Zones to Watch

Technical analysis reveals that UNI faces strong resistance in the $7.6 to $7.8 range. Binance’s liquidation heatmap shows clusters of short liquidations at these levels, making them pivotal points for price action.

If UNI manages to break through these zones with momentum, it could trigger a cascade of liquidations that push prices even higher—a classic breakout scenario.

Conversely, failure to surpass these levels decisively might indicate market exhaustion, leading to a price pullback or consolidation.

Meanwhile, derivatives data shows that funding rates for UNI remain slightly positive (+0.0062%), reflecting a modest bullish bias among traders. This balance suggests the current rally is supported by cautious optimism rather than reckless leverage, which bodes well for a stable upward trend without sudden crashes.

What’s Next for UNI? A Rally or a Temporary Spike?

The combination of rising transaction volumes, innovative product introduces, and shifting token flows all point to a potentially bright near-term outlook for UNI. However, the token’s ability to sustain gains depends heavily on overcoming technical resistance and securing renewed confidence from large investors.

If Uniswap can maintain its position as a leading decentralized exchange and continue enhancing its platform through features like UniswapX, UNI could see significant upside in the coming weeks.

On the other hand, if whale uncertainty persists and key resistance holds firm, the current price spike might fizzle out, resulting in sideways movement or a retracement.

Investors should watch trading volumes, whale netflows, and price behavior around the $7.6–$7.8 zone closely to gauge the next direction.

Conclusion: UNI’s Future Hinges on Innovation and Investor Confidence

Uniswap’s UNI is at a crossroads. On-chain data highlights strong user engagement and promising product upgrades that could drive higher demand and price appreciation.

Yet, the hesitance among large holders and looming resistance levels create an uneven picture that demands cautious optimism.

For UNI to break out and sustain a rally, it will need both continued technical progress and renewed buying interest from whales and institutional players.

As the cryptocurrency market watches closely, Uniswap’s ability to capitalize on its recent momentum could set the tone for its performance well into the summer of 2025.