Uniswap is nearing a key support level at 3 USD, which has historically provided bullish reversals. The MACD indicates a bearish trend, but accumulation by Smart Dex traders, with a buy volume of 64,900 USD and no selling activity, signals potential bullish sentiment.

Recent whale activity shows a 2.15% increase in ownership of UNI over 30 days, adding bullish pressure. If UNI sustains above the 3 USD support, a bullish reversal may occur, similar to notable rebounds in mid-2022 and late 2024.