The UNI Rollercoaster: A $6 Drama, Tariffs, and Crypto Panic

by

What you absolutely must know:

  • UNI plummeted to a dismal $6.045 before clawing its way back to a somewhat respectable $6.11—if only for the moment.
  • Sellers were in charge near the dreaded $6.38 resistance, particularly when everyone was awake and trading at full volume.
  • Don’t be fooled by the brief recovery—global economic chaos still has crypto markets in a chokehold.

Well, here we are again. The cryptocurrency market, much like a man on the edge of a nervous breakdown, continues to lurch under the relentless pressures of geopolitical tension and trade uncertainty. It seems investors can’t decide whether to run screaming or hang on for dear life.

Uniswap’s UNI token, in particular, experienced a rollercoaster of emotions, swinging wildly between $6.045 and $6.385 before deciding it had had enough drama and settled above $6.11. This brief moment of respite offers a faint flicker of hope, but let’s not kid ourselves—it could all go to hell at any moment, as per CoinDesk’s “super accurate” technical analysis.

And, of course, while UNI managed to claw back from the abyss, analysts, ever the wet blankets, are quick to remind us that larger, much more terrifying macroeconomic factors—like tariffs and delayed monetary easing—could keep any glimmer of hope firmly in check for now.

Technical Breakdown (as grim as it sounds):

  • UNI swung like a pendulum over 24 hours, touching a lofty $6.385 before nosediving to a depressing $6.045. That’s a 5.33% range, in case you were keeping track.
  • Resistance formed around $6.30–6.38, where the sellers, having a great time, emerged in full force, particularly during the 23:00 hour when everyone else was probably asleep.
  • Support, if you can call it that, appeared at the $6.05–6.08 range, with brave buyers jumping in during the early hours of June 2—because who doesn’t love a gamble at 3 a.m.?
  • The volume profile—oh, it’s ugly—suggests that bullish dreams might have to wait. The earlier highs? Not coming back anytime soon, folks.
  • In a final, desperate attempt to rally, UNI crept up from $6.146 to $6.176 in the last hour. That’s a 0.48% gain, which is basically nothing when you’re stuck in crypto purgatory.
  • Support made a valiant stand at $6.148–6.152 during a brief sell-off at 07:35. A minor victory, but let’s not pretend it’s a breakthrough.
  • Volume analysis showed a flicker of interest during the 08:00 candle. UNI surged to $6.176 on above-average volume, which is, of course, the crypto equivalent of a faint heartbeat.
  • Currently, UNI is teetering near the $6.12–$6.18 resistance band, and whether it can break out above this level is anyone’s guess. Spoiler alert: it probably won’t.

Read More

2025-06-02 14:02