Uniswap retests $3.90–$4.20 support as whales accumulate

• Uniswap (CRYPTO:UNI) is testing the $3.90–$4.20 support zone after two consecutive days of price declines.
• Whale-sized orders have increased near current prices, while long positions represent 56% of derivatives open interest.
• Holding the support range could preserve July’s breakout structure, while a break below it could weaken momentum.

Uniswap (CRYPTO:UNI) has returned to the $3.90–$4.20 support range after two days of declines following its 30 July breakout.

The range previously rejected several upward moves before UNI eventually broke through it, making the current retest important for the token’s short-term structure.

Whale-sized orders have increased around current UNI prices, according to Average Order Size data cited by AMBCrypto from CryptoQuant.

Derivatives positioning also remains tilted towards long exposure, with long positions accounting for 56% of total open interest and funding rates staying positive.

UNI remains above key exponential moving averages, although AMBCrypto said a decisive move below $3.90–$4.20 would weaken the structure created by July’s breakout.

The market activity follows Uniswap’s rollout of Uniswap Protocol and UniswapX across its Web App, Wallet and API, expanding access to its trading infrastructure.

If buyers maintain the $3.90–$4.20 range, AMBCrypto said UNI could attempt another upward move, while losing the zone would indicate weaker breakout momentum.

At the time of reporting, Uniswap price was $4.12.