The tweet was deleted by the author.
But we saved everything 🙂.
Uniswap (UNI) is trading at $3.526, down $0.176 or 4.75% from the previous close. Intraday, UNI has continued to fall, shedding $0.18 or 4.85% since the market opened, with the price now sitting near the day’s low. The decline has been driven by sustained technical weakness below key moving averages and persistent negative sentiment across crypto markets. Broader macroeconomic headwinds and dwindling trading volumes outweighed any positive effect from recent platform updates or community initiatives.
Hayden Adams, the Uniswap founder, signaled ongoing commitment to talent development by sharing plans to hire and mentor new developer graduates in NYC, portraying them as the future of upgrading the global financial system. This tweet is positive for UNI because it aims to boost developer adoption and market sentiment by emphasizing real-world product innovation and protocol growth. Despite this, the market has reacted more to prevailing bearish forces — specifically, declining trading volumes, negative sentiment across cryptocurrencies, and macroeconomic pressures like high interest rates and a strong US dollar. Uniswap has also launched new features like Continuous Clearing Auctions on Avalanche and expanded activity via Uniswap V4 on the Robinhood Chain, but these growth efforts have not countered the current selling pressure.
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UNI is trading below both the 20-day ($3.9619) and 50-day ($3.5618) moving averages but remains just above the 200-day ($3.4736), indicating persistent short- and medium-term bearish pressure with some long-term support at $3.47 – $3.56. Immediate resistance is at $3.90, with further resistance near $4.00, while support sits at $3.45; a break below could lead to further losses. Momentum indicators, including a constructive MACD signal alongside negative RSI and oversold Stochastic RSI, point to high volatility and downside risk. The 5-day forecast range is $3.45 – $3.90, and since the tweet's positive signal has not been confirmed by price action, caution is warranted in the near-term forecast.
Earlier, analysts noted that Uniswap faced sustained short-term selling pressure and mixed technical signals, reflecting broader market weakness. The current article builds on that outlook by highlighting how recent developments may impact volatility going forward, with participants advised to watch for shifts in liquidity or momentum as indicators of the next directional move.