UNI Slides Below $6.22 After Strong Rejection at $6.44 Resistance Zone
Uniswap’s native token UNI experienced a sharp intraday reversal on Thursday, retreating from a high of $6.44 and sliding below the $6.22 support level as bearish pressure mounted.
The session began with optimism as UNI edged higher, briefly challenging the $6.44 resistance — a level it hadn’t tested meaningfully in recent weeks. However, the rally quickly stalled as heavy sell orders emerged, overwhelming buy-side momentum and driving the token lower through the afternoon.
The breakdown below $6.22 marked a significant shift in market sentiment, suggesting traders may be preparing for additional downside unless a swift recovery occurs.
Price Action Highlights:
- Daily High: $6.44, followed by a steady sell-off
- Breakdown Point: UNI slipped below $6.31, triggering further declines
- Support Breached: $6.22 failed to hold amid growing volume
- Volume Spike: Over 244,000 units traded near the reversal point
- Current Outlook: Bearish bias with potential to retest $6.10–$6.15 zone
With key support levels giving way, UNI may remain under pressure in the near term unless bulls reclaim control above $6.30 with strong follow-through.
