Uniswap’s UNI Token Plummets 3.1% Amid Market Uncertainty

Uniswap’s UNI token experienced a significant downturn, falling below $6.21 after a strong intraday rally faded. The token reached an intraday high of $6.44 before encountering strong selling pressure, which led to a sharp reversal. This sell-off was triggered by the rejection at the $6.44 resistance level, causing the price to plummet to $6.20 in volatile trading. The shift in market structure comes amid broader uncertainty tied to macroeconomic events, including monetary policy signals and ongoing trade tensions.

UNI had shown signs of resilience earlier in the week, but today’s reversal indicates rising risk aversion among traders. The token traded in a volatile range between $6.22 and $6.44, with a 3.1% rally peaking at $6.44 before the trend reversed. Heavy selling at 13:45 caused the price to collapse to $6.31 on significant volume. Multiple recovery attempts failed, forming lower highs at $6.31, $6.30, and $6.29. The last hour saw UNI fall to $6.20, with bearish volume accelerating into the close.

The $6.22–$6.25 support zone remains key but is now under direct threat. Overall momentum has turned negative with bearish confirmation at $6.35. Analysts now view $6.20 as the final line of defense before potential further downside. The shift in market structure comes amid broader uncertainty tied to macroeconomic events, including monetary policy signals and ongoing trade tensions.