Uniswaps uni token is under renewed pressure as the early winnings are revealed and send prices under the critical $ 6.22 support zone.
The day began with a sharp rally pushing Uni to an intraday high at $ 6.44, but strong sales appeared shortly after and deleted progress.
The shift in the market structure comes in the midst of a broader uncertainty tied to macroeconomic events, including monetary policy signals and ongoing merchant stresses.
While UNI had shown signs of resilience earlier this week, today’s reversing indicates increasing risk aversion among traders.
Analysts now consider $ 6.20 as the last line of defense before potential additional disadvantage.
Technical analysis highlights
- Uni traded in a fleeting $ 0.22 range between $ 6.22 and $ 6.44.
- A rally of 3.1% peaked by $ 6.44 before the trend turned.
- Heavy sale at. 13:45 got the award to collapse to $ 6.31 on 244,581 volumes.
- Several recovery attempts failed and formed lower heights to $ 6.31, $ 6.30 and $ 6.29.
- Last hour, UNI dropped to $ 6.20, with Bearish volume accelerating in the closure.
- $ 6.22- $ 6.25 Support Zone remains key but now under direct threat.
- The overall momentum has been negative with Bearish confirmation to $ 6.35.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
