UNI Price Drops Below Key Support as Bearish Momentum Builds

Uniswap’s UNI token is under renewed selling pressure after losing earlier gains, slipping below the key $6.22 support level. The day started with a bullish rally pushing UNI to an intraday high of $6.44, up 3.1%. However, the rally quickly reversed as sellers dominated, triggering a sharp pullback.

The shift reflects broader market uncertainty driven by macroeconomic factors, including potential monetary policy changes and ongoing global trade tensions. Earlier in the week, UNI had shown relative strength, but today’s price action suggests growing trader caution and increasing risk aversion.

Technical indicators reveal heightened volatility, with UNI trading within a tight $0.22 range between $6.22 and $6.44. A significant sell-off occurred at 13:45, driving the token down to $6.31 with a volume spike of 244,581. Several weak recovery attempts followed, with lower highs forming at $6.31, $6.30, and $6.29—signaling persistent downward pressure.

In the final trading hour, bearish momentum intensified, pushing UNI to $6.20 and threatening to break the crucial $6.22–$6.25 support zone. Analysts warn that a sustained breach below $6.20 could open the door to deeper downside targets. The $6.35 level is now viewed as a key bearish confirmation point, with sentiment turning negative.

As UNI battles to hold critical levels, market participants remain cautious amid a fragile technical setup. Traders are watching closely for a decisive move, with further downside likely if bearish volume continues to rise. With sentiment weakening and macro risks looming, UNI’s near-term outlook remains under pressure.