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Uniswap's UNI Slides 8% Despite Upgrade Optimism
Despite heavy selling pressure, whale interest and Uniswap v4 developments suggest investors are still paying attention to the protocol’s long-term potential.
Updated May 31, 2025, 3:46 p.m. Published May 30, 2025, 9:46 a.m.
What to know:
- UNI plunged by over 8% in just one day, indicating high volatility and bearish sentiment.
- Broader market trends and investor reactions to Uniswap v4 developments influenced the price changes.
- Significant bullish activity was temporarily observed, driven by increased interest in Uniswap's innovative features.
In the past 24 hours, Uniswap's native token UNI experienced a marked decline due to volatile market conditions. The price movement from $7.119 to $6.532 indicates substantial downward pressure, amplified by macroeconomic factors like overall market bearish trends and investor sentiment.
At the same time, microeconomic elements, including Uniswap's latest protocol advancements and strategic interest from crypto whales, provide counterbalancing support points, potentially staving off further price declines.
STORY CONTINUES BELOW
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Despite the dip, long-term confidence might build as Uniswap gains traction with its latest innovations, suggesting strategic investor consideration.
Technical Analysis Highlights
- UNI price plummeted from $7.119 to $6.532 in 24 hours.
- Intermediate support was found at $6.40, buoyed by significant trading volumes, according to CoinDesk Research's technical analysis data model.
- The price attempted recovery reaching a high of $6.595 but stabilized at $6.522 by 08:00.
- Consistent lower highs noted throughout the session, suggesting continued bearish sentiment.
External References
- "UNI eyes $10 as UniswapX launch triggers inverse H&S breakout", crypto.news, published May 29, 2025.
- "Uniswap Price Prediction: Is UNI Set for a Bullish Breakout?", CoinPedia, published May 29, 2025.
- "UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout", Coin Edition, published May 29, 2025.
- "What’s Next for This Popular DeFi Token? Will Uniswap March Above $10 in the Coming Month?", CoinPedia, published May 29, 2025.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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