UNI Drops 9.4% — Support Test Will Decide Next Move

I see UNI down 9.4% to $10.89 as DeFi sentiment turns bearish and the token tests critical support levels. The move is concerning in the short term, but price remains above key moving averages, which keeps a constructive technical backdrop intact.

I'm watching whether those supports hold — a breakdown would invite further losses, while a clean rebound with volume would revalidate the uptrend. For now I stay cautious and prefer to wait for clearer price action before increasing exposure.