The cryptocurrency market continues to be influenced by global economic tensions, with investor sentiment fluctuating due to rising geopolitical risks and trade uncertainty.
Uniswap’s UNI token experienced considerable intraday volatility, swinging between $6.045 and $6.385 before stabilizing above $6.11, indicating cautious buyer support, according to RialCenter’s technical analysis model.
Despite a brief rebound, analysts caution that macroeconomic pressures—such as tariff increases and delayed monetary easing—may limit short-term gains, even as key technical levels remain intact.
Technical Analysis Highlights
- UNI demonstrated significant volatility over 24 hours, peaking at $6.385 and declining to a low of $6.045, marking a 5.33% range.
- A critical resistance zone formed around $6.30–6.38, with substantial selling occurring at these levels, particularly during 23:00.
- Support was noted in the $6.05–6.08 range, where buying activity emerged in the early hours of June 2.
- A declining volume trend and the inability to reclaim previous highs suggest bearish momentum may persist in the short term.
- In the final hour of this analysis, UNI exhibited a recovery pattern, rising from $6.146 to $6.176 for a 0.48% gain.
- Strong support was maintained at $6.148–6.152 during a brief sell-off at 07:35, solidifying this zone as a key short-term floor.
- Volume analysis indicates renewed buying interest during the 08:00 timeframe, with prices jumping to $6.176 on above-average volume.
- UNI is currently trading near the $6.12–$6.18 resistance band; a clear breakout above this level is crucial for confirming any potential bullish reversal.
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