Uniswap’s UNI Price Drops 8% Amid Market Volatility
In the last 24 hours, Uniswap's token UNI declined from $7.119 to $6.532 due to volatile market conditions. This drop reflects broader bearish trends and negative investor sentiment.
However, recent protocol advancements and interest from large investors provide some support against further declines. Long-term confidence may increase as Uniswap continues innovating.
Technical Analysis Highlights
- UNI price dropped from $7.119 to $6.532 in 24 hours.
- Intermediate support identified at $6.40, supported by high trading volumes.
- Price attempted a recovery, reaching a high of $6.595 before stabilizing at $6.522.
- Lower highs observed throughout the session indicate ongoing bearish sentiment.