Uniswap’s UNI Price Rebounds After 10.9% Volatility Amid Market Uncertainty
The cryptocurrency market is experiencing pressure due to global economic tensions, impacting price movements of assets like Uniswap (UNI).
Key points include:
- UNI had a 10.9% price range, with highs at 6.589 and lows at 5.945, reflecting market uncertainty.
- A selloff occurred from 16:00-01:00, dropping from 6.510 to 5.954, with a trading volume of 4.4M at the low point.
- Following the drop, UNI consolidated between 6.000-6.050, indicating market indecision.
- A decline from 6.110 to 6.017 was noted, establishing support with increased volume.
- A reversal happened at 14:01, with a 3.6% increase from 6.032 to 6.054, signaling renewed buying interest.
- The price formed a bullish channel with resistance at 6.055 and support at 6.030, closing at 6.051, suggesting potential stabilization.