The post UNI Plunges to Lower Bollinger Band After Security Exploit Sparks $15M Trading Volume Surge appeared on BitcoinEthereumNews.com.

Iris Coleman
Nov 03, 2025 03:21

Uniswap drops 4.1% to $5.60 following security exploit concerns affecting V3 functions, testing critical support as Bitcoin correlation intensifies market selloff.

Quick Take • UNI trading at $5.60 (down 4.1% in 24h) • Security exploit concerns targeting V3 functions drive significant outflows • Price testing lower Bollinger Band support at $5.62 • Following Bitcoin’s decline below $111,000 amid broader crypto weakness Market Events Driving Uniswap Price Movement The primary catalyst behind UNI price weakness stems from security exploit concerns that emerged on October 30, 2025, specifically targeting Uniswap’s V3 functionality. This security incident prompted significant market outflows as investors grew anxious about the platform’s vulnerability, directly impacting trader confidence in the protocol’s safety measures. The exploit concerns forced Uniswap to initiate comprehensive reviews of its security and audit procedures, signaling the seriousness of the situation. Market participants responded swiftly, with trading volume surging to $15.8 million on Binance spot markets as investors repositioned their holdings. Compounding UNI’s decline, Bitcoin’s drop below $111,000 during the same period created additional downward pressure across the cryptocurrency sector. The broader market selloff was attributed to escalating U.S.-China trade tensions, which drove investors toward traditional safe-haven assets like gold, further reducing appetite for risk assets including altcoins. UNI Technical Analysis: Testing Critical Support Zone Price Action Context UNI price action reveals significant technical deterioration, with the token trading below all major moving averages. The current price of $5.60 sits substantially below the 20-day SMA at $6.17 and even further from the 50-day SMA at $7.27, indicating sustained bearish momentum. The Bollinger Band position shows UNI at -0.0199 %B, placing it virtually at the lower band support of $5.62. This positioning suggests the token is potentially oversold in the near term, though…

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Filed under: News - @ November 3, 2025 3:24 am