One of the biggest whales on the Uniswap network, with the address 0x9671…b0Ba9, sold 798,734 units of UNI on January 16, 2026, at an average price of $5.33, resulting in a total of $4.26 million. This happened before the market saw a downturn.
Source: X
Later, on Jan 21, 2026, the same whale entered the market again, buying 757,684 UNI tokens at a price of $4.83, resulting in a purchase amount of $3.66 million. This action resulted in an approximate profit of $600,000 while keeping a large position.
Also Read: UNI Breaks Descending Channel as Charts Signal Potential 20%–30% Trend Shift
UNI Price Struggles Near $4.90 Under Bearish Pressure
On the chart, it is clear that the token is still under strong bearish pressure, trading around $4.90 while remaining below all significant EMAs (20, 50, 100, 200). The significant EMAs are grouped together above the current market price, hence providing strong resistance. All attempts to reverse are being rejected.
Source: TradingView
The token is close to the lower Bollinger Band, indicating high potential for downside and volatility. There may be relief rallies, but overall buying momentum is weak and lacks buying volumes. A close above the range of $6.50-7.30 is needed to shift the momentum, or there may be a pullback to $4.10.
Weekly Momentum Signals Continued Caution
The token’s RSI is trending in the lower region, below the 50 level, which is a sign that the bullish momentum is slowing down.
This line is still below the moving average, which is a clear sign that the selling pressure is strong. Although it is not oversold, the level is a sign that the market will not see strong gains.
Source: TradingView
The MACD is also in the bearish zone, with the signal line above the MACD line, while the MACD histogram bars are negative. This is another indication of the bearish momentum in the market, and the token will continue to move in the same direction until the MACD becomes flat or turns bullish.
Also Read: Uniswap Whales Accumulate 12.4 Million UNI as Price Holds Near $5
