UNI Token Shows Volatility Amid Rising Geopolitical Risks and Trade Uncertainty

1 min

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.