%20%5B17.13.23,%2001%20Aug,%202024%5D-638581208598533523.png "Uniswap aims for a rally following positive on-chain data")
Summary
- Uniswap Exchange Flow Balance shows a negative spike, signaling a bullish price move.
- Supply Distribution reveals that one cohort of whales seized the opportunity and bought UNI dips.
- UNI’s Development Activity is rising, and Supply on Exchange is decreasing, suggesting a bullish outlook.
- Investors should be cautious about decreasing Active Addresses.