UNI Dips Below $5 Critical Threshold
Recent market data shows UNI has officially broken below the $5 psychological support level, hitting a low of $4.99 amid growing investor concern. This pullback occurs against a backdrop of weakening sentiment across the broader crypto market, indicating rising short-term selling pressure.
Over 6% Drop in 24 Hours Sparks Volatility
UNI recorded a 6.38% decline in the past day, underperforming many major cryptocurrencies. Trading volume surged, reflecting increased market divergence and profit-taking behavior.
- Current price: $4.99
- 24-hour low: $4.97
- Volume change: Up 32% from yesterday
Technically, the RSI is approaching oversold territory. A rebound may emerge if Bitcoin stabilizes. However, a break below $4.8 could open the door to deeper corrections.
How Should Investors Respond?
During periods of heightened uncertainty, it’s advisable to:
- Maintain disciplined position sizing
- Use stop-loss orders to manage risk
- Monitor on-chain metrics and whale activity
- Wait for clear consolidation signals before re-entering
This move appears to be part of normal market cycling. The long-term outlook remains tied to protocol fundamentals and ecosystem growth.