Uniswap (UNI) at $9.29 as Exchange Supply Hits 60-Day High, $8.87 Liquidation Risk Looms
- —UNI gained 30% from September 17 to 22, then fell 10% on September 23
- —6.3 million UNI worth ~$58 million flowed onto exchanges from September 17 to 23
- —UNI exchange supply sits within 0.2% of its 60-day high
- —About $10.35 million in long liquidations clusters near $8.87; weekly RSI is near 73
Why it matters: Rising exchange balances and long-liquidation clusters below spot raise sell-off risk if UNI breaks $8.87, with resistance at $11.50.
Source: Blockonomi