๐จ๐ก๐ ๐ง๐ผ๐ธ๐ฒ๐ป ๐ง๐ฎ๐ธ๐ฒ๐ ๐ฎ ๐๐ถ๐ ๐ฎ๐ณ๐๐ฒ๐ฟ ๐จ๐ป๐ถ๐๐๐ฎ๐ฝ ๐๐ฐ ๐จ๐ฝ๐ด๐ฟ๐ฎ๐ฑ๐ฒ
๐ UNI fell nearly 8% in 24 hours, dropping from $7.12 to $6.53 on May 30, shortly after the Uniswap v4 update went live. Despite the protocolโs technical innovations, the market reacted bearishly โ highlighting uncertainty among investors.
๐ What Happened?
The biggest sell-off came just after midnight as sellers overwhelmed buyers, marking a steep decline in short-term confidence.
UNI briefly rebounded to $6.595 but stabilized around $6.522 โ failing to retest previous highs.
Key support at $6.40 held firm, attracting some buying interest.
โ๏ธ What Did Uniswap v4 Change? The v4 upgrade introduced efficiency improvements and new functionalities, aiming to make the DEX more developer-friendly and scalable.
๐ Despite initial hype and whale activity, these upgrades failed to generate lasting bullish momentum โ showing how cautious the market remains amid wider uncertainty.
๐ Broader Market Impact
Macro pressures, including global economic uncertainty, weighed heavily on the crypto sector.
UNIโs decline mirrors wider altcoin volatility, suggesting that Uniswapโs innovations weren't enough to counter bearish momentum.
๐ Technical Outlook
Trend shows a series of lower highs, reinforcing bearish sentiment.
Buyers are watching $6.40 as key short-term support; failure to hold could open room for further downside.
๐ฃ Investor Sentiment While the short-term view is negative, some long-term investors remain hopeful:
"Uniswap v4 is a step forward, but markets want proof, not promises.โ
UNI still has long-term potential, especially if adoption of the upgraded protocol strengthens.
๐ Final Note For security-minded investors, Uniswapโs bug bounty program ensures ongoing protocol review โ an added layer of trust as volatility shakes weaker hands.
