Uniswap Uni
The token is down 6.36% to $ 7.3864 in the last 24 hours, while traders have absorbed another wave of geopolitical tension following a new aggressive message from President Donald Trump. The token had briefly recovered from a net accident – repressing itself from 9.5% of $ 6.82 to more than $ 8.40 – but has since slipped again while the feeling of risk has deteriorated.
In a social article of truth early Friday, Trump expressed his most direct warning to Iran, declaring, “Iran must conclude an agreement, before it remains.” He said he gave Iran several chances of negotiating, but said that their inability to act would cause additional “death and destruction”. The message ended with an austere ultimatum: either Iran reaches an agreement, or it may be completely annihilated.
The position amplified the anxiety of investors on the risk markets, including crypto. While the UNI had shown a strong recovery behavior earlier in the day, the renewed threat of a broader escalation of the Middle East seems to have capped the rise up. The token is now consolidating nearly $ 7.38, traders who watch to see if support almost $ 7.26 can last under geopolitical pressure of intensification.
Strengths of technical analysis
- UNI crashed 12.5% from $ 7.90 to $ 6.82 in heavy volume (8.48 m) before recovering 9.5%.
- Price action has formed a V reversal, bouncing from $ 7.21 to $ 7.35.
- The volume culminated between 13: 31–13: 44 UTC, the price broke the resistance of $ 7.30.
- Support formed at $ 7.26 with multiple successful rewards.
- UNI has since decreased to $ 7.3864, with resistance to the current almost $ 7.50 and a pressure building.
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