Uniswap’s UNI token faces critical support as approval for a 100M token burn meets technical weakness. Price down 22% monthly despite bullish governance decisions. Technical indicators suggest oversold bounce potential at $5.94 support level. The market structure shifts higher as traders await the impact of deflationary pressures.
Uniswap’s UNI token trades at $5.40, down 30.3% this month amid regulatory pressures. Blockchain Capital’s $6.48M withdrawal adds to the pain, with UNI shedding 69.1% from yearly highs. Traders wonder if the $5.40 support can hold or if further downside looms.
Uniswap’s UNI token plunges 42.7% this month to $5.36 from a December high of $8.85. Blockchain Capital’s $6.48 million withdrawal triggers more selling pressure. Price clings to $5.35 support. Traders wonder if $5.30 can hold or if the token will drop to $5.
Uniswap’s UNI token hits six-month lows as governance issues arise, RSI signals oversold conditions. Market structure shifts downward with whale sell-offs, sparking a 14.7% weekly drop. Despite the decline, trading volumes surge, hinting at accumulation. Traders ponder if UNI has found a bottom or faces further losses due to governance concerns.
Uniswap darted through multiple resistance levels this month, posting a convincing 31.4% surge that transformed the technical picture from bearish to constructive. The decentralized exchange token shed its November weakness after introducing Continuous Clearing Auctions (CCA) – a protocol upgrade designed to eliminate front-running and manipulation that has plagued token launches. The main question for traders is: can this fundamental catalyst sustain the technical breakout above key moving averages, or will sellers emerge at familiar resistance zones?
UNI jumped 30% this month after the protocol fee proposal gained traction, marking its strongest monthly performance since March. The breakout from multi-month downtrend coincides with the landmark governance vote to burn 100 million tokens. Technical indicators flash mixed signals as price approaches key resistance at $10.29 while momentum wanes.