The Cryptocurrency Market faces mounting pressure when global economic tension escalates, with Uniswap (UNI), experiencing dramatic price fluctuations that reflect a wider uncertainty in the market.
Unis recent price range of 10.9% shows how geopolitical factors directly affect digital asset assessments as dealers navigate between risk sights and opportunistic positioning.
Despite challenging conditions, Uniswap has shown resilience by breaking over central resistance levels, suggesting potential stabilization according to significant volatility.
Technical analysis highlights
- UNI experienced significant price turbulence over the 24-hour period with a significant range of 0.644 (10.9%) from the height of 6,589 to low at 5,945, according to Coindesk Research’s technical analysis data model.
- The token faced a sharp sale in the period 16: 00-01: 00, which fell from 6.510 to 5,954, with especially high volume (4.4 m) at low 01:00, which establishes a strong volume support zone.
- A modest improvement followed, where UNI found resistance around 6,120 and consolidated between 6,000-6,050, suggesting the market’s indecision after the significant correction.
- In the last hour, Uni experienced a significant downward trend followed by a modest recovery.
- The token fell from 6,110 to a low level of 6,017 around 13:51 and established a key support zone with increased volume.
- A remarkable reversing occurred at. 14:01, when UNI increased 3.6% from 6.032 to 6.054, accompanied by elevated volume (28.7K), which suggests renewed purchase interest.
- The pricing formed a Bullish channel with resistance of 6.055 and support at. 6.030 with the closure rate of 6.051, indicating potential short -term stabilization after the previous volatility.
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