UNI is currently trading at $9.13 after facing rejection at the $11 resistance level, indicating a bearish market structure with lower highs and lower lows. A significant whale transaction occurred as 100,000 UNI, worth $1.01 million, was deposited to Cow Protocol, marking the whale's first major move in two months. This activity has added liquidity to the market, affecting the price dynamics. Traders are closely watching the $8.85 support level, which is critical for maintaining short-term demand. A breach of this support could see UNI prices decline towards the $7 to $6.6 demand zone. Meanwhile, the $11 resistance remains a formidable barrier for bulls, requiring a strong recovery to alter the current bearish outlook.