Uniswap’s UNI token is showing signs of resilience near key support levels, despite mounting pressure from global economic uncertainties, including U.S. tariff concerns and delayed interest rate cuts.
UNI Holds $6 Support After Sharp Swing
UNI plunged to an intraday low of $6.045 before bouncing back above $6.11, following a volatile session that saw prices briefly reach $6.385, according to CoinDesk Research technical data. The sharp move represented a 5.33% price swing, as traders responded to shifts in macro sentiment.
Key Technical Levels
- Resistance Zone: $6.30–$6.38, where heavy selling emerged during peak volume hours (especially around 23:00).
- Support Zone: $6.05–$6.08, which held strong during early sell-offs on June 2.
- Short-Term Floor: $6.148–$6.152, reinforced during a 07:35 dip.
- Recovery Attempt: UNI rose from $6.146 to $6.176 in the final hour, showing a 0.48% gain on renewed buying volume.
The $6.12–$6.18 range now acts as a critical resistance band. A sustained move above this zone could open the door for a bullish reversal, though momentum remains fragile.
Macro Headwinds Keep Bulls in Check
Despite the intraday rebound, broader market sentiment remains fragile due to:
- Escalating global tariff tensions
- Uncertainty around Federal Reserve rate cuts
- Weakened risk appetite across crypto and equity markets
These factors continue to cap upside potential for UNI and other altcoins, even as some tokens attempt to stabilize after recent pullbacks.
Outlook
Analysts warn that unless macro risks subside and volume increases on bullish candles, UNI may struggle to break past the $6.38 barrier. However, as long as the $6.05–$6.08 support holds, buyers could maintain a foothold in the near term.