Despite significant selling pressure, sustained whale interest and ongoing developments around Uniswap’s v4 protocol indicate that investors remain focused on the platform’s long-term prospects.
Over the past 24 hours, Uniswap’s native token UNI faced notable volatility, dropping from $7.12 to $6.53 amid a broader market downturn. This sharp decline reflects the impact of macroeconomic headwinds and prevailing bearish investor sentiment weighing on the crypto sector.
However, underlying microeconomic factors provide a silver lining. Recent advancements in Uniswap’s protocol and heightened strategic activity from large crypto holders suggest strong foundational support. These elements may help mitigate further downside risks and signal that many investors continue to place strategic bets on Uniswap’s future growth.
Technical Analysis Overview
- UNI’s price dropped sharply from $7.12 to $6.53 within 24 hours.
- Key intermediate support was established near $6.40, reinforced by robust trading volumes, according to CoinDesk Research’s technical data.
- The token attempted a partial rebound, reaching $6.60 before settling around $6.52 by early morning.
- A pattern of consistently lower highs throughout the session points to ongoing bearish momentum.
While short-term pressure persists, the combination of protocol innovation and whale activity underscores sustained confidence in Uniswap’s long-term potential.
