UNI Battles $6 Support as Tariff Fears and Rate Jitters Rattle Crypto Sentiment

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The cryptocurrency market continues to feel the effects of global economic tensions, with investor sentiment swaying under the weight of rising geopolitical risks and trade uncertainty.

Uniswap’s UNI token saw a sharp intraday swing between $6.045 and $6.385 before stabilizing above $6.11, signaling cautious buyer support, according to CoinDesk Research’s technical analysis data model.

Although UNI briefly rebounded after early losses, analysts warn that macroeconomic headwinds — including tariff escalations and delayed monetary easing — may cap near-term gains even as key technical levels hold for now.

Technical Analysis Highlights

UNI experienced significant volatility over 24 hours, with prices peaking at $6.385 before declining sharply to a low of $6.045, representing a 5.33% range.
A notable resistance zone formed around $6.30–6.38, with high-volume selling emerging at these levels, particularly during the 23:00 hour.
Support was established at the $6.05–6.08 range, where buyers stepped in during early hours of June 2.
A declining volume profile and failure to reclaim earlier highs suggest bearish momentum may continue in the short term.
In the final hour of the analysis window, UNI showed a recovery pattern, climbing from $6.146 to $6.176 for a 0.48% gain.
Strong support held at $6.148–6.152 during a brief sell-off at 07:35, reinforcing that zone as a key short-term floor.
Volume analysis shows renewed buying interest during the 08:00 candle, where price surged to $6.176 on above-average volume.
UNI is currently hovering near the $6.12–$6.18 resistance band; a clear breakout above this level remains key for confirming any potential bullish reversal.