Uniswap (UNI) Faces 9.4% Drop as DeFi Markets Turn Bearish

Quick Take

• UNI currently trading at $10.89 (-9.42% in 24h)
• Uniswap’s RSI remains neutral at 56.24, suggesting potential for recovery
• Recent 8.2% decline on August 14 followed earlier bullish momentum from whale activity

What’s Driving Uniswap Price Today?

The UNI price experienced significant volatility over the past 48 hours, declining 9.42% to current levels of $10.89. This downturn follows a broader market selloff that hit the CoinDesk 20 Index on August 14, where Uniswap led the decline with an 8.2% drop.

Despite the recent negative price action, the current decline comes after a period of bullish momentum earlier in the week. On August 12, UNI demonstrated strong recovery potential, rising from $10.788 to $11.399 within 24 hours and approaching key resistance at $11.40. This rally was supported by significant whale activity, including notable transactions from major players like Amber Group, which sold 358,000 UNI tokens while the price reached $11.08.

The contrast between early-week optimism and recent bearish pressure highlights UNI’s sensitivity to broader market sentiment. The token’s performance reflects the current uncertainty in DeFi markets, where technical strength can quickly give way to selling pressure during market-wide downturns.

UNI Technical Analysis: Mixed Signals Amid Market Turbulence

Uniswap technical analysis reveals a complex picture with both bullish and bearish elements competing for control. The most encouraging signal comes from UNI’s positioning relative to major moving averages, where the token trades above its SMA 20 ($10.35), SMA 50 ($9.33), and SMA 200 ($7.55), maintaining its longer-term bullish structure.

Uniswap’s RSI currently sits at 56.24, placing UNI RSI in neutral territory and suggesting the token isn’t oversold despite recent declines. This neutral reading indicates potential for either direction, making upcoming price action crucial for determining short-term momentum.

The MACD indicator shows bullish momentum for Uniswap, with the MACD line at 0.5278 above the signal line at 0.4804, creating a positive histogram of 0.0473. This suggests underlying buying pressure may still support UNI price despite recent volatility.

Uniswap’s Bollinger Bands position shows UNI at 0.6542, indicating the token trades in the upper portion of its recent range between the middle band at $10.35 and upper band at $12.10. The 24-hour trading range of $10.60 to $12.22 demonstrates significant intraday volatility, with the daily ATR of $0.85 confirming elevated price swings.

Uniswap Price Levels: Key Support and Resistance

Based on current Uniswap technical analysis, several critical levels will determine UNI’s next directional move. Uniswap resistance levels center around $12.30, which represents both immediate and strong resistance. This level coincides with recent highs and will be crucial for any bullish continuation.

For Uniswap support levels, immediate support sits at $8.68, while stronger support emerges at $6.50. The proximity of current UNI price to the SMA 20 at $10.35 makes this level particularly important as it has previously acted as dynamic support during the recent uptrend.

The UNI/USDT trading pair shows strong volume at $164.7 million on Binance spot markets, indicating healthy liquidity for both entry and exit strategies. Traders should monitor the $10.35 level closely, as a break below could target the immediate support at $8.68, while reclaiming $11.40 resistance could signal renewed bullish momentum.

Should You Buy UNI Now? Risk-Reward Analysis

The current UNI price presents different opportunities depending on trading style and risk tolerance. For short-term traders, the neutral RSI and bullish MACD suggest potential for a bounce from current levels, particularly if broader markets stabilize.

Conservative investors might wait for a test of the SMA 20 support at $10.35 or deeper support at $8.68 before establishing positions. The risk-reward profile improves significantly at lower levels, given UNI’s distance from its 52-week high of $18.60.

Aggressive traders could consider the current level attractive, with stop-losses below $10.35 and initial targets at $11.40 resistance. Based on Binance spot market data, the high volume suggests institutional interest remains, which could support any recovery attempt.

Risk management remains crucial given the 24-hour range volatility. Position sizing should account for the $0.85 daily ATR, and traders should be prepared for continued volatility as market sentiment evolves.

Conclusion

UNI price faces a critical juncture at $10.89, with technical indicators suggesting potential for recovery despite recent selling pressure. The maintenance of key moving average support and neutral RSI levels provide hope for bulls, while the broader market downturn creates near-term headwinds. Traders should monitor the $10.35 support level closely over the next 24-48 hours, as this will likely determine whether Uniswap can resume its earlier bullish momentum or faces deeper correction toward $8.68 support.

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