The Uniswap token UNI dropped below a key technical support level at $3.05 on its Bollinger Bands, with the relative strength index at 34.72 signaling continued downward pressure. Technical analysis indicates the token could test the $2.80-$2.82 range within five trading days as momentum shifts toward sellers. This move marks the first breach of this support threshold in over three weeks.
Support Level Breached
UNI's price sliced through the $3.05 lower Bollinger Band after failing to hold gains for seven consecutive sessions. This volatility-based support level had previously contained the token's decline since late May, drawing the attention of swing traders watching for confirmation of a bearish pattern. The break occurred without significant volume spikes, suggesting selling pressure emerged organically rather than through coordinated liquidation events.
RSI Momentum Shift
The 34.72 RSI reading confirms short-term selling dominance while leaving room for deeper oversold conditions. Unlike more extreme readings below 30, this moderate level suggests the current slide may persist rather than reverse quickly. Traders noted the indicator's failure to reclaim 50—its neutral midpoint—as the critical inflection point that enabled the support breakdown. The current reading aligns with similar technical setups from January when UNI fell 18% over the following week.
Immediate Price Target
Technical models now point to the $2.80-$2.82 zone as the next critical threshold, with the upper end of that range coinciding with UNI's 200-day moving average. If the token reaches this level within the five-day window, it would cement the first technical trend reversal since April. Support at $2.80 has held during three previous tests this year, making this next move a decisive test of market sentiment.
UNI's performance over the next three sessions will determine whether the token accelerates toward the $2.80 zone or rebounds if buyers regain control above $2.95.
