Uniswap (UNI) loses key support, Is $3 the next level?

Uniswap [UNI] stays underneath stress on account of its latest value decline. 

Components that seem to strengthen UNI’s bearish outlook embrace unfavourable derivatives information, which means that buyers and merchants expect the worth to maneuver decrease. 

At press time, UNI was buying and selling at $3.44, down 7.50% over the previous 24 hours. Regardless of the worth dip, market contributors have proven sturdy curiosity within the asset, as evidenced by buying and selling quantity, which surged over 61% to $239.90 million.

Uniswap value eyes $3.00 stage

In keeping with the day by day chart, UNI is testing a key assist of an ascending trendline that it had been holding for the reason that twelfth of April 2026.

Based mostly on the present value motion, if UNI loses this trendline assist, there’s a sturdy risk that the asset might witness an extra value dip and will attain the $3.00 stage within the coming days. Nonetheless, this bearish thesis could possibly be invalidated if the worth recovers.

UNI merchants and buyers flip bearish 

Whereas exploring the derivatives market, it seems that each buyers and merchants are following the broader market pattern.

Knowledge from the UNI OI-Weighted Funding Rate has  turned unfavourable and reached -0.0061% as of writing, indicating rising bearish sentiment amongst merchants. In the meantime, UNI’s Lengthy/Brief Ratio fell to 0.7886, indicating that merchants have been favoring brief positions over lengthy positions, additional reflecting bearish sentiment out there.

As well as, long-term buyers look like shifting their holdings to exchanges. Knowledge from UNI spot influx/outflow reveals that over the previous 24 hours, $302K value of UNI tokens has been transferred to exchanges, probably suggesting that buyers are making ready for a sell-off, which is taken into account a bearish sign.

Nonetheless, the highest 100 pockets addresses seem to have a special outlook. Analytics platform Nansen discloses that over the previous 24 hours, the highest 100 addresses have elevated their holdings by 3.41%, indicating potential accumulation by crypto whales.

Throughout the identical interval, Alternate Reserves fell 11.18%, indicating that buyers and lengthy‑time period holders, together with the highest 100 addresses, withdrew UNI tokens from exchanges over the previous week.

Closing Abstract

• Uniswap seems poised for an extra value dip and will attain the $3.00 stage after dropping each horizontal and trendline assist.
• Each buyers and merchants have turned bearish, with some offloading their holdings whereas others are betting on the worth to maneuver decrease.