Uniswap Plummets 15%—Is a $5 UNI Floor Inevitable?

UNI holders got wrecked today as DeFi’s blue-chip token nosedived 15% in a brutal market correction. The crash follows weeks of shaky price action—now traders are betting whether $5 becomes the next stop.

Blood in the water? Whale wallets dumped $12M worth of UNI in under an hour, triggering cascading liquidations. Meanwhile, perpetual funding rates flipped negative—a classic sign of panic.

Silver lining? The protocol’s fee switch activation next quarter could spark buy pressure. Unless, of course, the ’decentralized’ governance cartel changes their minds again (wink).

Bottom line: This is either a fire sale for degens or the start of another ’stablecoin depeg’ style meltdown. Place your bets—the house always wins.

UNI Price Drops Approximately 15% Within Hours!

The Uniswap price has lost 5.46% in 24 hours, resulting in it breaking down its important support level of $6.40. Moreover, with an intraday trading volume of $283.67 million, its market cap has dropped to $3.93 billion with a fully diluted value of $6.24 billion.

The Relative Strength Index (RSI) has displayed a sharp decline in the daily time frame toward the neutral point. Moreover, the average trendline is on the verge of experiencing a negative convergence, suggesting a bearish outlook for the coin this week.

On the other hand, the EMA 50-day acts as a strong support to the Uni coin price chart in the 1D time frame. Furthermore, the 200-day EMA displays a resistance zone around the $8 mark. This indicates an increase in the price volatility for the altcoin in the crypto market.

Will Uniswap Price Go Up?

Suppose, a bullish trend reversal occurs, this could result in the Uniswap Price retest its resistance level of $6.5. Furthermore, if the bulls maintain momentum, this could result in the price of this altcoin toward its upper price target of $8 this month.

On the contrary, if the bears dominate the cryptocurrency market, the UNI crypto price could drop toward its $5 mark. Furthermore, if the bulls fail to regain momentum at that point, this may result in it plunging toward its crucial support level of $4.70 in the upcoming time.

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