The post UNI Price Drops 6.64% as Uniswap Tests Critical Support at $7.50 appeared on BitcoinEthereumNews.com.

Terrill Dicki
Sep 23, 2025 05:26

UNI price falls to $8.11 with bearish momentum building. Uniswap technical analysis shows oversold conditions near key support levels.

Quick Take • UNI currently trading at $8.11 (-6.64% in 24h) • Uniswap’s RSI at 31.05 signals oversold conditions with potential bounce opportunity • No major news catalysts driving current price action, indicating technical-driven movement What’s Driving Uniswap Price Today? The UNI price decline appears primarily driven by technical factors rather than fundamental news, as no significant developments have emerged in the past week. This absence of catalysts suggests the current bearish momentum stems from broader market sentiment and technical selling pressure. The 6.64% drop in UNI price brings the token closer to its immediate support zone, with traders closely watching the $7.50 level that has held as both immediate and strong support. Without fresh news to provide direction, Uniswap’s price action is being dictated by technical levels and overall cryptocurrency market dynamics. UNI Technical Analysis: Mixed Signals Emerge Uniswap technical analysis reveals a complex picture with both bearish momentum and oversold conditions creating potential opportunities. UNI’s RSI at 31.05 indicates the token has entered oversold territory, though it hasn’t reached extreme levels that typically signal immediate reversals. The moving averages paint a bearish picture for UNI price action, with the token trading below all short-term averages. Uniswap’s price sits well below the 7-day SMA at $8.98 and the 20-day SMA at $9.37, indicating sustained selling pressure. However, UNI remains above the critical 200-day SMA at $7.68, suggesting the longer-term bullish trend remains intact. Uniswap’s MACD shows bearish momentum with the histogram at -0.1283, confirming the current downward pressure. The Stochastic indicators support this view, with both %K at 21.47 and %D at 16.63 residing in oversold…

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Filed under: News - @ September 24, 2025 2:25 am