The post Uniswap breaks multi-year support: Will UNI see a larger crash? appeared on BitcoinEthereumNews.com.

Amid the bearish market conditions, Uniswap [UNI] has opened the door for further downside moves as it lost a key level it had been holding since June 2022. This outlook has been further reinforced by intraday traders, as bets on short-leveraged positions continue to rise, suggesting that more falls may be on the horizon. As of press time, UNI’s price lost 5.10% of its value and was trading around $3.85. The asset’s trading volume had also declined notably, dropping by 9% to $395 million, indicating growing fear among traders and investors. Uniswap – Price action and key levels  Looking at the weekly chart, UNI appeared to have lost control of the key support at $4.10 and had also closed a weekly candle below this level. The chart further showed that the asset had been holding this support since March 2022. Following this breakdown, the price action turned bearish, suggesting that a significant downside move may be on the horizon. Source: TradingView Based on past performance and current price action, if UNI fails to reclaim the $4.10 level, there is a strong possibility that the price could decline by another 45% and reach the next support at $2.30. However, the Average Directional Index (ADX)—an indicator that measures trend strength—stood at 20.32, below the key threshold of 25, indicating that the asset lacked strong directional momentum. Meanwhile, the Money Flow Index (MFI), which tracks buying and selling pressure based on price and volume, was at 44.32, suggesting neutral market conditions with no clear dominance from either buyers or sellers. Derivative data shows mixed sentiment  From a derivatives perspective, UNI’s intraday traders appeared to be closely following the prevailing trend. According to data from the derivatives analytics platform CoinGlass, traders were showing the highest interest at $3.69 on the downside and $3.99 on…

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Filed under: News - @ February 2, 2026 2:26 pm