Cryptocurrency market continues to feel the effects of global economic stresses, the investor spirit flows under the weight of growing geo -political risks and business uncertainty.
According to the technical analysis data model of Coindesk Research, UNISWAP’s UNI tokens saw a sharp intraday swing between $ 6.045 and $ 6.385 before stabilizing above $ 6.11.11 above $ 6.11.
Although Uney briefly rebound after the initial deficit, analysts warned that macroeconomic headwind-taurifs can capable the benefits of the-period including escalation and delayed monetary ease, even the benefits of the-period, even major technical levels are in hold for now.
Technical analysis highlights
- UNI experienced significant instability in 24 hours, falling down to $ 6.385 to fall to a low of $ 6.045 before the price falls by $ 6.385.
- A notable resistance area became around $ 6.30–6.38, with high-length sales at these levels, especially during 23:00 hours.
- The support was installed in the range of $ 6.05–6.08, where buyers stepped into the early hours of June.
- Failure to retrieve a decreasing volume profile and the high of the earlier suggested that the recession speed may continue in the short term.
- In the last hour of the analysis window, the UNI showed a recovery pattern, which climbed from $ 6.146 to $ 6.176 for a 0.48% profit.
- Strong support at $ 6.148–6.152 during a brief sale at 07:35, strengthens that area as a major short -term floor.
- The volume analysis shows a fresh purchasing interest during the candle, where the price up-to-high is $ 6.176 on the price.
- UNI is currently hovering near $ 6.12- $ 6.18 resistance band; A clear breakout above this level is important to confirm any possible rapid upsurge.
