UNI Token Declines 6.36% Amid Geopolitical Tensions and Market Anxiety
Uniswap’s UNI token has decreased by 6.36% to $7.3864 in the last 24 hours amid rising geopolitical tensions following a warning from President Trump regarding Iran. The token briefly recovered from a low of $6.82, reaching over $8.40, but has since fallen as investor sentiment worsened.
Key points from Trump's message include:
- A direct ultimatum to Iran: make a deal or face severe consequences.
- Claims that multiple negotiation opportunities were provided to Iran.
- An increase in anxiety within risk markets, including cryptocurrencies.
Current market activity for UNI includes:
- A prior crash of 12.5% from $7.90 to $6.82 on high trading volume (8.48M).
- A recovery of 9.5% from $7.21 to $7.35.
- Peak trading volume between 13:31–13:44 UTC during a breakout above $7.30 resistance.
- Established support at $7.26 with successful retests.
- Current resistance near $7.50, with the price now at $7.3864.