Uniswap’s UNI Holds Steady Around $6 Amid Tariff Concerns and Market Unease
Uniswap’s UNI token managed to stabilize near the $6 support level on Monday despite increasing macroeconomic pressures and geopolitical uncertainties affecting crypto markets.
Investor sentiment remains fragile as rising trade tensions and delayed interest rate adjustments contribute to heightened volatility across digital assets.
During Monday’s trading, UNI’s price oscillated between $6.045 and $6.385 before settling just above $6.11, signaling cautious buying activity near critical support, according to CoinDesk Research’s technical data.
While UNI recovered somewhat from early declines, analysts warn that ongoing headwinds related to tariffs and global economic risks may restrict upward momentum in the near future, even as key technical floors hold firm.
Technical Highlights:
- UNI showed a 5.33% intraday price range, with resistance clustering around $6.30 to $6.38, where heavy selling volume was noted.
- Support was firmly established between $6.05 and $6.08, with buyers stepping in during early trading hours.
- The token’s inability to reclaim previous highs, combined with a decline in trading volume, points to bearish pressure prevailing short-term.
- Toward the end of the analysis period, UNI rose modestly from $6.146 to $6.176, a 0.48% gain.
- Support levels near $6.15 successfully absorbed a sell-off, underscoring their importance.
- A surge in volume accompanied the price increase around 08:00 UTC, reflecting renewed buying interest.
At present, UNI is trading within a resistance band of $6.12 to $6.18. A confirmed breakout above this range is essential for any sustained bullish reversal to take shape.
