Uniswap (UNI) Falls 6% as Institutions Offload $82M, Still Up 20% in a Month

CN
coindesk
Follow
4 hours ago


The cryptocurrency market is experiencing significant turbulence as Uniswap's UNI token faces intense selling pressure.

After establishing resistance at $6.780, UNI cascaded downward with multiple high-volume selling periods, breaking below critical support levels, according to CoinDesk Research's technical analysis data model.

This volatility comes as blockchain data reveals large institutional holders transferred substantial UNI positions to centralized exchanges, with two addresses moving 11.65 million tokens ($82.38M) to Coinbase Prime.

Technical Analysis Highlights

  • UNI-USD declined from $6.658 to $6.286, representing a 5.59% drop over 24 hours.
  • The token established a clear resistance level at $6.780 during the midnight hour with high volume (2.02M).
  • Multiple high-volume selling periods occurred between 05:00-07:00 and again at 10:00, with the latter seeing the highest 24-hour volume (2.43M).
  • Price broke below the critical $6.30 support level during the high-volume selling.
  • The overall trading range of $0.541 (8.12%) reflects heightened volatility.
  • In the last hour, UNI experienced extreme volatility with a dramatic price collapse from $6.387 to a low of $6.239 (2.3% drop).
  • A severe breakdown occurred at 13:33 when price plummeted 5.1% on massive volume (48.8K).
  • Even heavier selling at 13:48 (116.4K volume) drove UNI to its hourly low.
  • A notable recovery emerged in the final minutes, lifting the price back to $6.304, establishing a potential short-term support zone.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

HTX:注册并领取8400元新人礼
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink