DEX leader hits psychological $5 level as traders rotate from DeFi to stablecoins during extreme fear.
What's Happening:
$UNI plunges 7.15% to $5.00 hitting key psychological level
DeFi sector facing outsized selling as risk appetite evaporates
24h range shows $4.93 to $5.46 with heavy volume on downside
Fear & Greed at 24 triggering broad DeFi de-risking
Why It Matters: Uniswap remains the most important DEX in crypto, but governance tokens are facing severe rotation during this fear cycle. The break below $5 is psychologically significant and could test conviction of long-term holders. DeFi usage remains strong, but token price is decoupled from protocol activity during macro-driven selloffs.
Technical View: UNI testing $5.00 psychological support after breaking down from $5.40. Critical support at $4.93 (24h low). Resistance at $5.46. DeFi tokens showing high correlation during this risk-off phase. Oversold RSI conditions may attract DeFi-focused buyers looking for entry.
🎯 Key Levels:
Support: $4.93 | Resistance: $5.46
24h Range: $4.93 - $5.46
💡 Protocol usage and token price often diverge - Uniswap's dominance doesn't change with the token price
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Uniswap #UNI #DeFi #DEX #CryptoTrading
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
