UNI Falters After Brief Rebound as Geopolitical Tensions Resurface
Uniswap’s native token UNI lost momentum Friday after a brief rebound, slipping 6.36% over 24 hours to $7.3864 as rising geopolitical tensions reintroduced selling pressure into crypto markets.
The token had staged a sharp recovery earlier in the session, bouncing 9.5% from $6.82 to above $8.40 following a flash crash. However, renewed investor anxiety followed a fiery statement from U.S. President Donald Trump, who warned of “more brutal” strikes against Iran unless a deal was reached soon.
“Iran must make a deal, before there is nothing left,” Trump posted on Truth Social, marking a dramatic escalation in rhetoric that roiled global markets and weighed heavily on risk-sensitive assets like UNI.
Technical indicators suggest a potential breakdown if UNI fails to hold support at $7.26, with traders now awaiting further developments from the Middle East that could drive volatility into the weekend.
Technical Recap:
- UNI dropped 12.5% to $6.82 before bouncing to $8.40.
- The V-shaped recovery lost steam near $7.50 resistance.
- Trading volumes surged during the rebound but have since cooled.
- Support sits near $7.26; failure to hold could lead to a retest of $7.00.
- Traders are eyeing U.S.–Iran headlines for direction.
UNI’s pullback highlights how macro headlines continue to dominate short-term market action, overriding on-chain or protocol-specific catalysts.
