Uniswap’s UNI Holds Firm Around $6 Amid Trade Concerns and Market Uncertainty

Uniswap’s UNI token steadied near the $6 mark Monday as investors showed buying interest despite increasing headwinds from geopolitical tensions and macroeconomic uncertainties.

Cryptocurrency markets continue to grapple with volatility driven by ongoing trade disputes and caution over delayed central bank actions, impacting risk sentiment broadly.

During intraday trading, UNI oscillated between $6.045 and $6.385 before settling just above $6.11, signaling that buyers remain active at key support levels, according to CoinDesk Research’s technical data.

While UNI posted a recovery following early dips, analysts warn that tariff worries and the prospect of slower monetary easing could restrain upward momentum in the short run—even as the token’s critical support zones remain intact.

Key Technical Takeaways:

• UNI’s price fluctuated over a 5.3% range in the last 24 hours, hitting a high near $6.39 and a low around $6.05.
• Resistance has formed between $6.30 and $6.38, with increased selling pressure observed, especially late at night UTC time.
• Strong support lies in the $6.05–$6.08 range where buying interest surfaced during early Asian trading hours on June 2.
• The declining trading volume combined with the inability to reclaim prior highs suggests bearish pressure may persist near term.
• In the last hour of monitoring, UNI advanced from $6.146 to $6.176, gaining roughly half a percent.
• Support at $6.15 held firm during a brief sell-off, reaffirming its importance as a short-term floor.
• Renewed buying momentum was evident during the 08:00 UTC candle, as volume increased alongside price gains.

Currently, UNI hovers near resistance between $6.12 and $6.18. A strong breakout above this band will be critical for any sustained bullish reversal.