Institutional investors are showing mixed reactions to Uniswap’s UNI token as escalating global trade tensions drive pronounced volatility and spikes in trading volume around key support and resistance levels.
The broader cryptocurrency market is under pressure due to intensifying geopolitical uncertainties, with UNI reflecting these challenges through significant intraday price fluctuations. The token’s recent 10.9% price range highlights how external economic factors are impacting digital asset valuations, as traders oscillate between risk aversion and strategic buying.
Despite the volatility, Uniswap has demonstrated resilience by breaking above critical resistance points, suggesting a possible stabilization after the recent price turbulence.
Technical Analysis Highlights:
- Over the past 24 hours, UNI saw a wide price range of 0.644 (10.9%), fluctuating between a high of 6.589 and a low of 5.945, based on CoinDesk Research’s technical data.
- A sharp selloff occurred between 16:00 and 01:00, with the price dropping from 6.510 to 5.954 amid heavy volume (4.4 million tokens) at the low, creating a strong support base.
- Following the selloff, UNI recovered modestly, encountering resistance near 6.120 and consolidating within the 6.000–6.050 range, signaling market uncertainty after the correction.
- In the final hour, the token dipped from 6.110 to 6.017 around 13:51, establishing a key support zone with increased trading activity.
- A sharp reversal at 14:01 saw UNI rally 3.6% from 6.032 to 6.054 on elevated volume (28,700 tokens), indicating renewed buying momentum.
- Price action formed a bullish channel bounded by resistance at 6.055 and support at 6.030, with a closing price of 6.051 suggesting potential short-term stability.
As geopolitical tensions persist, UNI’s price behavior underscores the interplay between global economic conditions and cryptocurrency market dynamics.
