UNI Token Drops Below $6.22 Support Following Reversal from $6.44
Uniswap's UNI token has faced selling pressure, dropping below the critical support level of $6.22 after an initial rally. Key points include:
- UNI reached an intraday high of $6.44 before reversing.
- Heavy selling at 13:45 reduced the price to $6.31 on a volume of 244,581.
- Attempts to recover failed, leading to lower highs at $6.31, $6.30, and $6.29.
- In the last hour, UNI fell to $6.20 with increased bearish volume.
- The support zone of $6.22–$6.25 is now under threat.
- Overall momentum has shifted to negative, confirmed at $6.35.
This market movement reflects broader uncertainties related to macroeconomic factors.