Uniswap [UNI] jumps 11% to 8 month high – But THESE 2 metrics warn of pullback

Uniswap extended its bullish streak, breaching the $6 resistance and reaching an eight-month high of $6.37. At press time, Uniswap [UNI] traded near $6.20 after gaining 11.35% over 24 hours.

Trading Volume surged 153% alongside the price increase, reflecting heightened market activity. The move also brought UNI close to recovering all its 2026 losses.

What is driving Uniswap’s rally?

Uniswap [UNI] has continued to rally, mostly driven by strong activity from both whales and other institutional entities. Professor Onchain noted the move above $6 was fueled by heavy institutional inventory positioning. 

According to the on-chain monitor, Wintermute absorbed 2.03 million UNI worth $11.07 million into its primary market maker wallet. The same entity routed another $4.64 million worth of UNI into Binance deposit lines.

In fact, top tracked wallets moved roughly $45 million in UNI into active market circulation.

On top of that, whales are also aggressively buying. Nazoku reported that a whale purchased 540k UNI worth $2.8 million, just before the price crossed the $6 mark.

The same wallet purchased 394k UNI worth $1.71 days ago. In total, the wallet holds nearly $37 million worth of digital assets. 

Often, strong whale and institutional activity has strengthened the demand side which precedes major price moves to the upside.

Will UNI profit-taking derail the rally?

UNI’s return to $6 for the first time since January encouraged holders to realize profits.

According to CoinGlass, Spot Netflow remained positive for two consecutive days. Spot Netflow climbed to $11.2 million on the 1st of September before easing to $8.6 million. The metric had not reached comparable levels since December 2025.

Positive Spot Netflow indicated that more UNI entered exchanges than left them. Those deposits could increase sell-side liquidity and expose the rally to a pullback.

Can UNI hold above $6?

For now Uniswap is under strong bullish pressure, driven by strong market demand. Looking at the momentum Ghost Machine, has remained positive and rising for 12 consecutive days.

When the indicator rises during an uptrend, it confirms buyers have gained considerable market control. Likewise, the Relative Vigor Index (RVGI) formed a bullish crossover, hiking to $0.3, further confirming this bullish pressure.

Taken together, these two indicator signal the likelihood of the current trend to hold. Therefore, if the demand holds, the uptrend will continue , with UNI flipping $6.5 and eye a move above $7.

However, profit taking is especially strong and could poses another pullback risk. if the pressure persist, $6 will fail to hold and likely fall to $5.4.

Final Summary

• Uniswap gained 11.35%, breached $6 and reached an eight-month high of $6.37.
• Whale buying supported UNI’s rally, while institutional wallet activity increased around the breakout. Rising Spot Netflow could test whether UNI can defend $6 and extend its move toward $7.