Uniswap slides 10%, below key support level: Will sell pressure lead to more losses?

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Uniswap declined 10%, breaching the $3.9 support level to a three-week low of $3.4. The token is now trading around $3.5 with volume surging 151.8% to $319 million. This drop triggered long position liquidations totaling over $3.25 million. Futures netflow dropped 328% to -$31 million, signaling aggressive selling in the futures market. Technical indicators point to strengthening downside momentum with ADX rising to 40, suggesting potential further losses toward $3.0.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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