Uniswap’s UNI Recovers Ground After an 11% Volatile Move Amid Ongoing Trade Issues

Uniswap’s UNI token faced a volatile trading day as rising global trade tensions fueled sharp price swings and increased trading activity. Market participants showed mixed sentiment, resulting in wide intraday fluctuations between critical support and resistance levels.

The token moved within a 10.9% price range, illustrating the impact of geopolitical uncertainty on digital assets. Traders grappled with shifting risk appetites, alternating between selling pressure and opportunistic accumulation.

Despite the choppy conditions, UNI demonstrated strength by surpassing key resistance points, signaling possible short-term recovery after a sharp correction.

Technical Summary:

• UNI’s price ranged from a high of 6.589 to a low of 5.945, a 10.9% move, based on CoinDesk Research data.
• A significant selloff took place between 16:00 and 01:00, with the price dropping from 6.510 to 5.954 on strong volume of 4.4 million tokens, establishing a firm support zone.
• The token rebounded modestly, encountering resistance near 6.120 and consolidating between 6.000 and 6.050, reflecting market indecision.
• In the last hour, UNI declined to 6.017 but rallied sharply by 3.6% to 6.054 on elevated volume (28,700 tokens), indicating renewed buyer interest.
• Price action formed a bullish channel with support at 6.030 and resistance at 6.055, closing at 6.051, pointing toward potential stabilization.

As geopolitical tensions persist, UNI’s price behavior highlights the ongoing sensitivity of crypto markets to global economic developments.