Uniswap's UNI is $UNI token is currently navigating a critical support level around $6, amid heightened market volatility driven by global tariff tensions and interest rate uncertainties.
📉 Market Overview
On June 2, UNI$UNI experienced significant intraday volatility, dropping to a low of $6.045 before recovering to trade above $6.11. This fluctuation reflects cautious investor sentiment in response to macroeconomic pressures. High-volume selling was observed near the $6.30–$6.38 resistance zone, indicating strong overhead supply. Conversely, buyer support emerged around the $6.05–$6.08 range, suggesting a tentative stabilization at this support level .
🌐 Macroeconomic Influences
The broader cryptocurrency market is under pressure due to escalating trade tensions and economic policy shifts. Recent tariff announcements, including a 125% levy on Chinese imports, have unsettled global markets . These developments have contributed to a decline in overall crypto market capitalization, which fell by 2.9% to $3.32 trillion, accompanied by increased trading volumes as investors react to the evolving landscape .
📊 Current UNI Price Snapshot
As of the latest data, Uniswap (UNI)$UNI is trading at approximately $6.13, with an intraday high of $6.36 and a low of $6.07. The token has experienced a slight decrease of 0.16% from the previous close.
🖼️ Visual Insights
For a visual representation of UNI's recent performance and market sentiment:
These resources provide detailed charts and analyses to help you better understand the current market dynamics affecting Uniswap and the broader cryptocurrency landscape.
