UNI Plummets as V-Shaped Recovery Collapses Under Geopolitical Pressure
UNI''s brief rally got slaughtered today as Middle East tensions sent traders scrambling for cover. The token''s promising rebound flipped into a full-scale retreat—proof that even crypto isn''t immune to old-school geopolitics.
Here''s the wreckage:
Dead cat bounce meets real-world chaos
The so-called ''V-shaped recovery'' lasted about as long as a meme coin''s hype cycle. UNI bulls got caught holding bags when risk assets tanked globally—because nothing says ''safe haven'' like volatile DeFi tokens during a crisis (except maybe buying JPEGs of apes).
Technical breakdown
Chartists watched key support levels vaporize faster than a leveraged trader''s margin. The breakdown suggests more pain ahead unless macro conditions stabilize—but when has the Middle East ever offered stability?
One hedge fund manager quipped: ''We went from ''buy the dip'' to ''sell the news'' without stopping for the news.'' Classic crypto efficiency.