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Uniswap drops 2.3%, breaks key $3.02 support amid rising bearish sentiment and whale selling.

Technical Signals
01 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

On June 1, Uniswap (UNI) declined 2.30%, falling below the crucial $3.02 support level that had held since February. This drop occurred amid intensified bearish sentiment, driven by significant whale selling and a Long/Short Ratio of 0.91 indicating more bearish bets. Despite increased trading volume, UNI remains in a downtrend below its 200-day EMA, suggesting potential further declines unless it recovers above $3.02. Key liquidation levels at $2.91 and $3.09 show stronger conviction among sellers, pointing to continued downside risk in the near term.

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