UNI Fades After Rebound as Trump Signals Escalation in Iran Conflict

Uniswap’s governance token UNI saw a short-lived recovery erased early Friday after renewed geopolitical tensions rattled markets once again.

UNI fell 6.36% over the past 24 hours to trade at $7.3864, reversing a strong intra-day rebound that briefly pushed it above $8.40. The initial bounce, which saw prices rally more than 9.5% from a low of $6.82, followed a sharp flash crash during Asian trading hours. But sentiment turned negative again after U.S. President Donald Trump issued a dire new warning to Iran.

Posting on Truth Social, Trump stated, “Iran must make a deal, before there is nothing left,” accusing Tehran of ignoring multiple diplomatic overtures. He warned that Iran now faced the prospect of “more death and destruction,” suggesting a further escalation of military action could be imminent if no agreement is reached.

The post immediately weighed on risk assets, including cryptocurrencies, erasing UNI’s earlier rebound. Traders are now eyeing support near $7.26 as selling pressure intensifies.

Technical Analysis Snapshot

• UNI plummeted 12.5% from $7.90 to $6.82 on elevated volume (8.48M).
• A quick recovery followed, forming a V-shaped pattern that peaked above $8.40.
• Price briefly stabilized between $7.30–$7.35 before weakening again.
• $7.26 has emerged as a short-term support zone with multiple intraday holds.
• Resistance is building near $7.50, capping further upside amid ongoing geopolitical risk.

With uncertainty high, analysts expect further volatility in UNI and other altcoins as markets react to headlines out of the Middle East.