UniSwap Technical Analysis: UNI Hunts For A Bottom As $2.5 Beckons
- UniSwap bleeds profusely after rejection from $3.6.
- Initial support is embraced at $3, but UNI/USD looks primed for losses eying $2.5.
UNI, the official token of the decentralized finance (DeFi) platform UniSwap, has lost over 13% of its value in the last 24 hours. The downswing came into the picture following a barrier encountered at $3.6. Before the retreat, UNI/USD was on a recovery mission from the primary support between $2.5 and $2.6. An impressive price action occurred after the cryptocurrency stepped above the 50 Simple Moving Average in the hourly timeframe.
The downswing from the resistance at $3.6 was unstoppable at various levels, including the $3.4, the 50 SMA, and the 100 SMA. On the bright side, buyers’ congestion at $3 absorbed the selling pressure, giving balance to the DeFi token.
UNI/USD 1-hour chart

At the time of writing, UNI is trading at $3.05 amid a developing bearish momentum. This tells you that selling pressure was not entirely ousted and that UNI is still hunting for formidable support. A bearish divergence by the Relative Strength Index (RSI) from the price hints that breakdown could continue.
If the price pierces through the support at $3.0, losses are likely to continue the primary support between $2.5 and $2.6. Rapid price actions are not expected at the moment due to the low trading volume. However, the bearish cloud still hovers, and the longer UNI takes to recover from the dip to $3, the stronger the bearish grip continues. On the upside, resistance is expected at the 100 SMA, 50 SMA, and the crucial level at $3.6.
Key Intraday Levels
Spot rate: $3.05
Relative change: -0.05
Percentage change: -1.7
Trend: Bearish
Volatility: Low
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Trump Media Launches Polymarket Rival, Eyes $9B Prediction Market with Crypto.com
- Bitget Lists Common Token, Launchpool Offers 36M COMMON in Rewards
- Coinbase Prime Taps Figment to Boost Institutional Staking on Solana, Cardano, and Sui
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
MEXC