UNI, the native token of the Uniswap decentralized exchange, fell to $3.71 on Tuesday, a 4.82% decline on the day. The drop pushed the token below the key support level of $4.04, a threshold that bulls had been defending in recent sessions.
Bulls lose $4.04 support
The $4.04 level had acted as a floor for UNI over the past week, but selling pressure overwhelmed buyers. With that support now broken, the token is trading in territory that previously preceded further declines. Spot takers are actively distributing, and momentum has stalled — traders describe it as dead.
Resistance levels to reclaim
To reverse the slide, UNI needs to reclaim $3.78 and then $3.87 within the next 48 hours. These are the immediate resistance levels that would signal a potential recovery. If the token fails to break back above these prices, the bearish trend could accelerate.
The current price action suggests sellers remain in control. Volume data shows consistent distribution rather than accumulation, and there is no catalyst visible on the horizon to shift sentiment.
Whether buyers can stage a comeback in the next two days will determine if UNI stabilizes or heads lower. The market is watching for any sign of demand at these levels.
