Uniswap price is under pressure again, and traders are asking the same question: how low can it really go? In analyst CryptoPulse’s view, the chart continues to reflect a bearish landscape, and a breakdown below $6 will set the stage for even more losses.
The daily chart reflects a clear pattern of lower highs and lower lows that confirms bears have not yet lost control. UNI trades at around $6.19, and while there have been efforts at bounces, each rally has been weaker than the last one.
CryptoPulse pointed out that a rising wedge pattern has formed, a structure that often signals a continuation of the previous downtrend. If this wedge breaks down, the UNI price could quickly drop to the next strong support near $4.70.
That would mean another leg down of roughly 20–25%, putting UNI back at levels last seen in early 2023.
UNI Key Level to Watch
The $6 mark is the line in the sand for UNI right now. It’s where previous buyers stepped in to defend the price, and losing it could shift sentiment even further bearish.
Traders are keeping an eye on this level because it also aligns with a high-volume node on the chart, where a lot of trading activity has taken place in the past. If this area gives way, it often leads to fast price movement as liquidity dries up below.
In short, a break below $6 could act as a trigger for short sellers and panic selling, sending UNI toward the $4.70–$5 range in a hurry.
Market Momentum Remains Weak
Momentum indicators aren’t doing the bulls any favors either. The Relative Strength Index (RSI) is still below neutral levels, a sign that there is still selling pressure in the market.
Simultaneously, trading volume has been declining, a sign that buying interest is losing steam. When that happens during a downtrend, it usually means the market is setting itself up for another drop rather than a recovery.
Even the moving averages are sloping downwards, contributing to the overall bearish shape.
What's Next For Uniswap
Uniswap has been in decline for several months, and the macro environment hasn’t helped. With Bitcoin’s recent pullback cooling overall risk appetite, altcoins like UNI tend to feel the pressure more.
Still, there’s a silver lining. If UNI price drops into the $4.70 zone, some traders view that as a potential accumulation area, a place where long-term buyers might step in for the next cycle.
But until a strong reversal pattern appears, the trend remains down.
Moreover, Uniswap is in a fragile position right now. As CryptoPulse put it:
"If price breaks below $6, it could trigger a move down toward $4.7, a potential short setup."
That level is now the battleground between bulls and bears. Lose it, and UNI price could be staring at new lows before any real recovery begins.
For now, $6 is the make-or-break point, and the chart suggests the next big move could be just around the corner.