- Uniswap price has declined by 8.90% in the past ten hours.
- In January 2025, Raydium (RAY) overtook Uniswap in decentralized exchange (DEX) trading volume.
- The UNI price has lost 50% from the recent high.
Uniswap (UNI) has broken out of a descending triangle and performed negatively. Amid this bearish move, the Uniswap price has lost a support level of $10.80 and a 200-day EMA.
The UNI price has grabbed the liquidity below the previous consolidation zone of $8. However, the token has defended a significant support zone of $6.70.
After this massive fall, the Uniswap price has received buying pressure near the $7 mark and has surged by 30% in a few hours. However, buyers were not strong enough and dragged the price below the previous day’s opening.
Raydium Exceeds UNI in Terms of DEX Volume
Raydium (RAY) outperformed Uniswap in DEX volume in January 2025. Its total trading volume per month exceeded $600 Billion. The Uniswap crypto expanded more slowly than Raydium, which grew by approximately $150 Billion during the same period.
Regarding total volume, Pancakeswap also increased but still lagged behind Raydium and Uniswap. The volume shift indicated user preference for alternative decentralized exchanges with competitive fees and liquidity.
At $9.08, the Uniswap price was under pressure from liquidity migration and a shrinking market share. In the short term, as competition heats up, this might prevent UNI from recovering above $10.
Innovations and growing use cases are key to Uniswap’s long-term success. A rebound could occur if the protocol integrates scaling solutions or draws in larger volumes.
Retaining its position as a top DEX could aid UNI’s recovery to $15 or above. The future performance of the UNI price will also greatly influence broader DeFi growth.
UNI Price Overview Amid Recent Trend
When writing, the Uniswap crypto was trading at $9.07, which has dropped by 8.97% over the past 24 hours. The market capitalization was around $5.47 Billion, and the 24-hour trading volume was $589 million.
Based on the technical chart, the Uniswap price has displayed buying pressure after a sharp fall. However, sellers have bounced back and showed their effect. The price stayed in the crucial zone of $9, and further momentum could decide the trend.
It could be bullish if the price defends the $9 mark. Suppose the price forms any bullish candlestick in this territory; buyers might show confidence and may lead the trend further. Buying pressure in this zone could help to recover this dip.
Conversely, sellers might dominate further if the UNI price loses this major support zone. Moving ahead, profit booking momentum can be anticipated once the price slips below $9.
Uniswap Price Analysis Amid This Crash
Uniswap price has recently faced significant challenges. It was evidenced by its sharp price decline and loss of market share to competitors like Raydium.
Despite a brief rally following a significant decline, the UNI price remains under pressure from liquidity migration and competitive challenges. The crucial support zone around $9 will be pivotal; maintaining this level could signal a potential rebound.
At the same time, a drop below it may lead to further selling pressure. The future performance of UNI will heavily depend on innovations within its protocol and the overall growth of the DeFi sector.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
