The news of Uniswap's V4 did little to move UNI's prices. However, whales have been accumulating tokens.
According to the statement, Uniswap plans to offer even more flexibility with Uniswap V4, with features like programmable liquidity. The network also announced that it will introduce plugins called hooks.UNI’s price analysis
Despite the news of Uniswap V4’s release, UNI’s price action lacked excitement at press time and has been on a bearish trajectory since the start of August. However, its latest downside just pushed it back into oversold territory.exchanged hands at $4.36 at press time, but will these findings trigger a bullish resurgence now that it is oversold? Well, there is a chance that it might extend its downside to or below the $4 mark.
This is an important level because it previously highlighted a support and accumulation zone. The price bounced back to the same zone in JuneOne might expect that bullish momentum will start building up based on the above observation. This is evident in UNI’s weighted sentiment metric, which recently peaked at a new monthly high at the end of August.
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