UNI Token Slides 10.87% Amid $118K Long Liquidations and Market Volatility Despite June Rally

UNIUSDT declined by 10.87% over the past 24 hours, opening at 7.756 and currently trading at 6.913 on Binance. The price drop is primarily attributed to increased market volatility, as evidenced by $118,000 in long liquidations this week and bearish technical indicators, including UNI trading below key exponential moving averages and negative MACD momentum. Despite recent bullish sentiment and a strong recovery earlier in June, with UNI rallying 70% from April lows and breaking above major resistance levels, the current pullback reflects profit-taking and broader market fluctuations. UNI maintains robust liquidity, with a 24-hour trading volume of approximately $641 million and a market cap of $4.19 billion, ranking #17 by market capitalization.