
The cryptocurrency market continues to really feel the results of worldwide financial tensions, with investor sentiment swaying beneath the load of rising geopolitical dangers and commerce uncertainty.
Uniswap’s UNI token noticed a pointy intraday swing between $6.045 and $6.385 earlier than stabilizing above $6.11, signaling cautious purchaser assist, in response to CoinDesk Research’s technical evaluation information mannequin.
Although UNI briefly rebounded after early losses, analysts warn that macroeconomic headwinds — together with tariff escalations and delayed financial easing — could cap near-term positive factors even as key technical ranges maintain for now.
Technical Analysis Highlights
- UNI skilled vital volatility over 24 hours, with costs peaking at $6.385 earlier than declining sharply to a low of $6.045, representing a 5.33% vary.
- A notable resistance zone fashioned round $6.30–6.38, with high-volume promoting rising at these ranges, notably in the course of the 23:00 hour.
- Support was established on the $6.05–6.08 vary, the place patrons stepped in throughout early hours of June 2.
- A declining quantity profile and failure to reclaim earlier highs recommend bearish momentum could proceed within the quick time period.
- In the ultimate hour of the evaluation window, UNI confirmed a restoration sample, climbing from $6.146 to $6.176 for a 0.48% acquire.
- Strong assist held at $6.148–6.152 throughout a quick sell-off at 07:35, reinforcing that zone as a key short-term flooring.
- Volume evaluation reveals renewed shopping for curiosity in the course of the 08:00 candle, the place worth surged to $6.176 on above-average quantity.
- UNI is at present hovering close to the $6.12–$6.18 resistance band; a transparent breakout above this degree stays key for confirming any potential bullish reversal.