Uniswap's UNI Token Drops 6.36% Amid Trump's Iran Threat

Uniswap's UNI token experienced a tumultuous day, initially surging 9.5% after a flash crash but ultimately slipping back as geopolitical tensions escalated. The token dropped 6.36% to $7.3864 over the past 24 hours, following a sharp overnight crash that saw it plummet from $7.90 to $6.82. The recovery was short-lived, however, as President Donald Trump issued a stern warning to Iran, stating that the country must make a deal or face further "death and destruction."

Trump's message, posted on Truth Social, marked his most direct threat to Iran yet, amplifying investor anxiety across risk markets, including crypto. The renewed threat of broader Middle East escalation appears to have capped UNI's upside momentum, with the token now consolidating near $7.38. Traders are watching to see if support near $7.26 can hold under intensifying geopolitical pressure.

Technical analysis highlights show that UNI's price action formed a V-shaped reversal, rebounding from $7.21 to $7.35 before declining to its current level. Volume peaked between 13:31–13:44 UTC as the price broke $7.30 resistance, with support forming at $7.26 with multiple successful retests. Current resistance is near $7.50, with pressure building as geopolitical tensions continue to rise.

The geopolitical risk has overshadowed UNI's recent technical performance, with the token's price movements closely tied to developments in the Middle East. As traders absorb the latest wave of geopolitical tension, UNI's price is likely to remain volatile in the near term. The token's ability to hold support near $7.26 will be a key indicator of its near-term direction, with a break below this level potentially signaling further downside.