What to Know:
- Uniswap’s darling, UNI, had a temper tantrum after a flirtation with $6.44, resulting in a dramatic plummet to $6.20, all while the market watched with bated breath and popcorn in hand.
- Volume skyrocketed past 240K—yes, you read that right!—confirming that the sellers are not just playing but throwing a full-blown fiesta of panic.
- The sacred support at $6.22 is now trembling, and lower highs suggest the bearish mood is more than just a bad hair day.
Our dear UNI token, once basking in the glow of optimism, decided to audition for the role of the market’s tragic hero. A rally to $6.44 was swiftly replaced by a sharp descent—like a ballet dancer mid-leap, only to crash into the orchestra pit.
Today’s chaos is fueled by the grand macroeconomic opera—monetary policies, trade tensions, and an overall sense that the market is just a big, unruly cat chasing its tail.
Earlier this week, UNI once promised resilience, only to reveal it was just an illusion—like a mirage in the desert, or a mirage in the techno-sphere.
Now, analysts clutch their charts and exclaim that $6.20 is the last bastion before the abyss yawns wide and gobbles up more prices.
Technical Analysis Highlights
- UNI pirouetted in a volatile $0.22 range—like a drunken ballerina trying to find her balance at the party.
- A modest 3.1% rally reached for the stars at $6.44 before suddenly retreating, like a shy lover at the door.
- Heavy selling at 13:45? Oh yes, the market’s version of a fireworks show: $6.31 and volume of 244,581—because nothing says “panic” like numbers on a screen.
- Every recovery attempt? Failed—forming lower highs as if UNI was playing a game of “How low can you go?” at the local tavern.
- In the final act, UNI dropped to $6.20, with bearish volume racing to the finish line—like a cheetah chasing a mirage.
- The $6.22–$6.25 support zone? It’s now basically a flimsy bridge, barely holding the weight of traders’ hopes.
- And as the curtain falls, momentum turns sour with bearish confirmation at $6.35—someone pass the tissues!
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2025-06-05 22:17