UNI has broken down below $3 and is accelerating toward $2.70. Oversold indicators are deepening without any meaningful buyer intervention. A divergence in whale positioning suggests the distribution phase is entering its final stages.
Breaking the $3 floor
The token slipped under the $3 mark earlier this week and hasn't recovered. The move has picked up pace, pushing toward $2.70. That level, a prior support zone, now looks like the next test. Traders are watching closely, but volume hasn't signaled a reversal yet.
Whale divergence signals distribution
On-chain data shows a split between large holders. Some whales are still accumulating, but others are offloading. That divergence points to a distribution phase that's wrapping up, not starting. Typically, when whales disagree, the price follows the sellers. Right now, sellers have the upper hand.
Oversold readings offer no relief
UNI's relative strength index has dipped deeper into oversold territory. In normal conditions, that might attract bargain hunters. So far, it hasn't. The lack of buying pressure despite the oversold reading suggests the market is waiting for a catalyst — or for prices to fall further.
The next few sessions will tell whether $2.70 holds or if sellers push even lower. For now, the market is waiting for a buyer to step in.
