Amid the carnival of bearishness that stalks the financial stage, Uniswap [UNI] has flung wide the door to yet more misfortune, having released the threshold it guarded since June 2022.
This outlook has been reinforced by the intraday chorus of traders, where bets on short-leveraged positions rise like a rumor in a marketplace, suggesting that more falls may be on the horizon.
At the stroke of press time, UNI sacrificed 5.10% of its value and wandered around the 3.85-dollar mark. The volume also shrank markedly, sliding 9% to $395 million, a statistic that whispers fear into the wallets of traders and their anxious backers.
Uniswap – Price action and key levels
Gazing at the weekly chart, UNI seems to have lost its grip on the sacred support at $4.10, closing a weekly candle below that line.
The chart reveals this sanctuary had stood since March 2022. After the breach, price action turned bearish, hinting at a substantial downward sweep ahead.
From the ledger of past misadventure and the present price entanglement, if UNI cannot reclaim the $4.10 bastion, a further 45% decline could unfold, landing at the next fortress near $2.30.
Yet the Average Directional Index (ADX)-that stern librarian of trend strength-stood at 20.32, beneath 25, signaling a lack of formidable directional momentum.
Meanwhile, the Money Flow Index (MFI), keeper of buying and selling pressure via price and volume, rested at 44.32, signaling neutral market conditions with neither side claiming the throne.
Derivative data shows mixed sentiment
From the derivatives’ vantage, UNI’s intraday gamblers seemed to thread the needle of the prevailing trend.
According to CoinGlass, the oracle of derivatives, the wedge of interest sits at $3.69 on the downside and $3.99 on the upside.
At these thresholds, roughly $1.63 million in long leverage and $2.10 million in short leverage have been forged, signaling a market leaning bearish.
Yet there are patient spectators: long-term holders seem to be buying the scenery, accumulating UNI as the price stumbles.
According to CoinGlass, UNI’s Spot Inflow/Outflow data recorded a modest outflow of $1.26 million worth of UNI from exchanges over the past 24 hours, indicating potential accumulation.
In the crypto theater, moving assets from the exchange to private wallets is rarely mistaken for a party-usually it signals accumulation.
Final Thoughts
- UNI has lost its key support at $4.10, raising the risk of further downside as traders show strong interest in short-leveraged positions.
- If UNI fails to reclaim the $4.10 level, the asset could face an additional decline of around 45% in the coming days, as there is no nearby support.
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2026-02-02 17:11