Uniswap token UNI is experiencing a significant resurgence in market attention driven by a sharp acceleration in on-chain network activity. The primary catalyst for this shift was a bold price target of $100 issued by Standard Chartered, which rapidly altered market sentiment and reignited trader interest. Data compiled by Woofun AI indicates that engagement metrics across wallets, transactions, and large holder movements have all registered substantial increases. This surge marks a distinct departure from the quiet trading conditions that characterized the asset for several months, signaling a potential return of momentum.

Whale activity has reached a 7-month high as large investors aggressively accumulate UNI following the institutional forecast.

Concurrently, the number of active addresses has climbed to a 4-month peak, reflecting broader user participation across the ecosystem. New wallet creation also surged to its highest daily level since December, reinforcing the strength of the current trend. Woofun AI notes that Santiment directly linked this spike in metrics to Standard Chartered's projection rather than any recent protocol upgrades, suggesting the driver is purely sentiment-based.

Market observers are now closely monitoring accumulation patterns forming among large investors, as whale flows historically precede major price moves in crypto cycles. Recent data suggests strategic positioning ahead of potential volatility, with crypto analyst Zayn reporting a $10,000 spot purchase in UNI. Zayn highlighted that this buying pressure erased a month of bearish movement within just a few days. He further pointed to historical price zones tied to earlier expansion phases, indicating that the current rally may be testing established support levels.

The $100 projection from Standard Chartered has amplified scrutiny on Uniswap's long-term potential, representing significant upside compared to current valuation levels. Traders are reassessing their positions as sentiment improves, with increased participation across wallets reinforcing the narrative of returning confidence. Network expansion continues to support the bullish thesis forming around UNI, creating a feedback loop of positive market psychology.

Technically, UNI trades within a long-standing descending channel that has defined price action for months, characterized by consistent lower highs and lower lows. Recent buying pressure has pushed the token closer to the upper boundary of this channel near $3.30. This level has rejected multiple breakout attempts in prior sessions, making it a critical technical threshold. A successful break above this resistance would signal a structural shift in market direction, potentially reversing the long-term downtrend.

If momentum sustains, the next resistance target sits at $4.13 on the daily chart, with continued strength potentially opening a path toward $6.34 in later stages. Support remains positioned between $2.80 and $2.90, acting as a safety zone for current price action. Woofun AI analysis suggests that market sentiment continues to improve as on-chain signals strengthen, with whale accumulation and rising wallet creation adding weight to the bullish setup. Price action now sits at a critical decision point within the channel, where traders monitor resistance closely for confirmation of a breakout or rejection as momentum builds quietly toward higher valuation targets.