Uniswap’s token UNI took a hit over the last 24 hours, sliding from $7.12 down to $6.53 amid volatile trading and broader market uncertainties. Despite the sell-off, growing whale interest and progress around Uniswap’s v4 protocol suggest that long-term investor confidence remains intact.
The sharp decline reflects general bearish sentiment affecting the crypto market, but underlying factors paint a more optimistic picture. The ongoing rollout of Uniswap v4 and notable buying activity by large holders signal that key investors continue to bet on the protocol’s growth potential.
Technical Snapshot
- UNI’s price dropped significantly from $7.12 to $6.53 within one day.
- Strong support was identified near $6.40, bolstered by substantial trading volume, as reported by CoinDesk Research.
- A minor rebound saw the price climb to $6.60 before settling around $6.52 by early trading hours.
- The series of lower highs throughout the session suggests persistent selling pressure.
Though UNI faces near-term challenges, the protocol’s innovations and whale activity hint at durable faith in Uniswap’s long-term outlook.
