Uniswap’s native token, UNI, is trading at its daily pivot point of $3.66, but the price action tells a cautious story. Momentum has flatlined — the MACD indicator sits at zero — while aggressive spot selling volume has reached nearly 1.8 times the buy volume. That imbalance suggests sellers are in control, even as the token holds a key technical level.
Why the $3.75 level matters
The $3.75 resistance zone has become the most important line in the sand for UNI in July. A break above that mark would signal renewed bullish interest, but so far the token has failed to challenge it. Instead, price has drifted sideways at the daily pivot, a level that often acts as a magnet for short-term traders. Without a catalyst, the selling pressure could push UNI lower.
Volume tells the story
Aggressive spot selling volume is running at roughly 1.8 times the buy volume, according to exchange data. That means large sell orders are hitting the order book faster than buyers can absorb them. When sell volume outpaces buy volume by that margin, it typically points to distribution — holders selling into any strength. The zero MACD reading reinforces the lack of directional conviction.
What traders are watching
For now, the $3.75 resistance is the ceiling. If UNI can break above that level on rising buy volume, the technical picture would shift. But with sellers dominant at the pivot, the immediate risk is a breakdown below $3.66. No major protocol upgrades or exchange listings have been announced that would change the supply-demand balance. The next few trading sessions will show whether the pivot holds or gives way.
