Uniswap’s native token, UNI, slipped notably in the last 24 hours, dropping from $7.12 to $6.53 amid choppy market conditions and widespread selling pressure. Yet, sustained whale interest and key updates tied to Uniswap v4 continue to highlight investor belief in the protocol’s longer-term potential.
The decline largely reflects a bearish macro backdrop, with investors cautious amid broader crypto market volatility. However, positive micro-level developments, including the latest protocol enhancements and significant accumulation by large holders, may help stabilize the price and prevent deeper losses.
Technical Breakdown
- UNI plunged from $7.12 down to $6.53 over a single day.
- Key support formed around $6.40, supported by robust trading volume, according to CoinDesk Research’s technical data.
- The token rallied slightly to $6.60 before settling near $6.52 by early morning trading.
- A pattern of lower highs suggests the bearish trend remains intact for now.
While short-term pressures persist, Uniswap’s ongoing innovation and whale activity underscore continued confidence in its future growth trajectory.
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