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Uniswap Drops 9.4% to $10.89 — Critical Support Tested
I'm seeing UNI slide about 9.4% to $10.89 as a broader DeFi selloff pressures the token and tests critical support levels.
The technical picture remains partially intact — price is still above key moving averages — but the pullback raises downside risk until those supports are validated.
I'm staying cautious: I'll watch volume and price action at support and wait for a clear rebound or breakdown before changing exposure.
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Analysis
The recent 9.4% decline puts UNI at a critical juncture: moving averages still provide a bullish baseline, but the breach of short-term support would likely accelerate downside given weak market bread...
Recommendation
Watch price action closely and wait for confirmation. Consider initiating or adding positions only after a validated bounce with supportive volume; if support breaks decisively, reduce exposure or avo...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.