According to reports from AMBCrypto, Uniswap [UNI] token experienced a 2% rally in the past 24 hours despite facing significant downward pressure. The altcoin's daily trading volume declined by 26%, while it has fallen by almost 20% over the past week. The losses occurred alongside a broader market sell-off, with Bitcoin retreating from $67k to $62k within a week. On the 1-day chart, the swing structure remained bearish, with the latest downward continuation coming earlier in June when prices dropped past the $2.845 low to reach $2.316.
As reported by AMBCrypto, the latest downward leg showed a set of Fibonacci retracement levels that indicated the price bounce to $3.72 last week was only a relief rally. This bounce reached the 61.8% retracement level but has since begun to plummet, aligning with the higher timeframe price trend. The analysis suggests that a set of Fibonacci retracement levels was plotted based on the latest leg downward, showing the price structure remains bearish with potential targets of $2.31 and $1.78 in coming weeks.
According to AMBCrypto, the Uniswap holder accumulation ratio's weekly moving average has been trending higher over the past month, tracking the proportion of active holders whose positions increased in size compared to those whose position size reduced. Crypto analyst CryptoOnchain noted that total transaction count increased by 196% and total tokens transferred on the network surged by 233% over the past three months. The 7-day average netflow from Binance was -516,112 UNI, which was 755% more negative than the 3-month baseline flows, with exchange reserves on Binance decreasing by 6.8%.
As reported by AMBCrypto, the UNIfication proposal was approved in late 2025, with the fee switch activation, a buy-and-burn model that went live earlier this year, leading to the divergence between on-chain metrics and spot price. The fee switch activation has created a structural shift in holder composition that is disconnected from the spot price performance. The sustained outflows from exchanges combined with falling reserves point to accumulation trends that have been ongoing for six months, though UNI price trends have remained bearish during this period.
According to AMBCrypto, the data suggests a holder composition shift that indicates potential for renewed demand, which could accompany a broader market sentiment shift later this year or early in 2027. However, the analysis warns that a renewed wave of demand can accompany a broader market sentiment shift, but until then, the data suggests investors shouldn't expect an immediate rally. The divergence between on-chain accumulation signals and bearish price trends presents a complex market dynamic that may require broader market catalysts for UNI to experience a meaningful turnaround.
