Uniswap’s UNI token has come under renewed pressure as early gains unraveled, sending prices below the critical $6.22 support zone.
The day began with a sharp rally that pushed UNI to an intraday high of $6.44, but strong selling emerged shortly after, erasing the advance.
The shift in market structure comes amid broader uncertainty tied to macroeconomic events, including monetary policy signals and ongoing trade tensions.
While UNI had shown signs of resilience earlier in the week, today’s reversal indicates rising risk aversion among traders.
Analysts now view $6.20 as the final line of defense before potential further downside.
Technical Analysis Highlights
- UNI traded in a volatile $0.22 range between $6.22 and $6.44.
- A 3.1% rally peaked at $6.44 before the trend reversed.
- Heavy selling at 13:45 caused price to collapse to $6.31 on 244,581 volume.
- Multiple recovery attempts failed, forming lower highs at $6.31, $6.30, and $6.29.
- Last hour saw UNI fall to $6.20, with bearish volume accelerating into the close.
- $6.22–$6.25 support zone remains key, but now under direct threat.
- Overall momentum has turned negative with bearish confirmation at $6.35.
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