UNI Token Shows Volatility Amid Rising Geopolitical Risks and Trade Uncertainty
The cryptocurrency market is influenced by global economic tensions, affecting investor sentiment amid rising geopolitical risks and trade uncertainty.
Key points regarding Uniswap’s UNI token:
- UNI fluctuated between $6.045 and $6.385, stabilizing around $6.11.
- Price volatility was significant, with a 5.33% swing in 24 hours.
- Resistance formed at $6.30–6.38, with high-volume selling noted during peak hours.
- Support established at $6.05–6.08, where buying occurred on June 2.
- Bearish momentum may persist due to declining volume and inability to reclaim earlier highs.
- A recovery pattern emerged, with a rise from $6.146 to $6.176, marking a 0.48% gain.
- Strong support held at $6.148–6.152 during a sell-off, indicating a key short-term floor.
- Renewed buying interest was observed as price surged to $6.176 on above-average volume.
- UNI hovers near the $6.12–$6.18 resistance band; a breakout above this level is crucial for potential bullish reversal.