The cryptocurrency market faces increasing pressure as global economic stress increases, with UNISWAP (UNI) the dramatic value swings experience that reflects wide market uncertainty.
The recent 10.9% value range of UNI shows how geopolitical factors are directly affecting digital asset evaluation, as traders navigate between risk-staging spirit and opportunistic status.
Despite the challenging circumstances, Uniswap has shown flexibility by breaking significant resistance levels, suggesting potential stabilization after significant instability.
Technical analysis highlights
- According to the technical analysis data model of Coindesk Research, UNI experienced a significant value disturbance in a 24-hour period, with a sufficient range of 0.644 (10.9%) from a high level of 6.589 from a high level of 6.589.
- The tokens faced a sharp sale during a period of 16: 00-01: 00, from 6.510 to 5.954, especially high volume (4.4 m) 01:00 low, with the installation of a strong volume support zone.
- After a modest recovery, with the UNI around 6.120 resistance and between 6.000-6.050, the market indifference suggested after significant improvement.
- In the last hour, the UNI experienced a significant downward tendency, followed by a minor recovery.
- The token decreased from 6.110 to a low of 6.017 around 13:51, established a major support area with increased volume.
- A remarkable reverse was at 14:01 when the UNI increased by 6.032 to 6.054, as well as a renewed shopping interest, with a volume of height (28.7k).
- Price action formed a fast channel with resistance at 6.055 and supported at 6.030, indicating potential short -term stabilization after earlier instability with the closing value of 6.051.
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