Uniswap [UNI] Recent price drops have put the company under increasing pressure.
Negative derivatives data suggests that traders and investors expect the price to fall.
UNI traded at $3.44 as of press time. This is a 7.5% decrease over the last 24 hours. Trading volume has increased by over 60% to reach $239.90 Million, despite a price drop.
Uniswap price eyes $3.00 level
Daily chart UNI It is currently testing the key support for an upward trendline it has held since 12th April 2026.
If UNI’s trendline is lost, it could lead to a price drop and the asset may even reach $3.00 in the next few days. This bearish hypothesis could however be nullified if the price recovered.
Traders and investors in UNI turn negative
It appears, when exploring the market for derivatives, that investors and traders follow the same market trend.
The Data of the UNI OI-Weighted Funding Rate has turned negative and reached -0.0061% as of writing, indicating growing bearish sentiment among traders. UNI’s long/short ratio dropped to 0.7886. It indicates traders preferring short positions than longer positions. The market is also more bearish.
Long-term investors also appear to be moving to exchanges their assets. Data on UNI spot outflow/inflow shows that in the last 24 hours $302K of UNI tokens have been moved to exchanges. This could indicate that investors are preparing themselves for a sale, which would be considered a negative signal.
The top 100 addresses of wallets have an entirely different attitude. Platform for analytics Nansen Over the past 24-hours, the 100 top addresses have seen their assets increase by 3.41 percent, which could be a sign of crypto-whale accumulation.
During the same period, Exchange Reserves fell 11.18%, indicating that investors and long‑term holders, including the top 100 addresses, withdrew UNI tokens from exchanges over the past week.
Final Summary
- Uniswap may be headed for a price decline and reach $3.00, after both losing horizontal and trendline supports.
- Both traders and investors have become bearish. While some are selling their stocks, others are betting that the price will fall.
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Source: ambcrypto.com
