Intraday data shows heightened volatility and a rapid shift in sentiment as UNI retraced nearly 8% in a single session. At the time of writing, the asset is trading just below $6.94, with caution dominating the broader market.<\/p>\n
The chart showed a cluster of steep red candles, underscoring heavy intraday selling and possible stop-loss triggers. Before this drop, UNI had been consolidating<\/a> within the $7.35\u2013$7.40 range, with minimal volatility.<\/p>\n
The 24-hour chart for UNI<\/a> from July 4 to July 5 confirms an extended bearish trajectory, with the token falling from above $7.40 to a closing price of $6.94, reflecting a 7.68% loss. The chart reveals sustained selling throughout the session, particularly after breaching the key $7.00 threshold. Price movement remained unidirectional for most of the day, with no significant upward reversals, highlighting prevailing bearish momentum.<\/p>\n
Source: BraveNewCoin<\/a><\/p>\n
The daily chart for UNI\/USD shows that Uniswap closed <\/a>at $6.933 on July 4, marking a 7.25% decline. A wide-bodied red candle and minimal lower wick confirm strong seller control from the session high of $7.635.<\/p>\n
Source: TradingView<\/a><\/p>\n
This would signal a growing downward momentum and raise the likelihood of a deeper correction. If UNI fails <\/a>to regain footing above the $7.08 midline, further downside toward $6.35\u2013$6.00 could unfold. A price rebound would require both volume confirmation and improvement in the AO\u2019s trajectory to reestablish upward momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"