Selling pressure drags UNI toward $3.25 as futures traders bail and momentum rolls over UNI has tumbled nearly 6% after a 5% fall the previous day, and with Open Interest shrinking, long liquidations mounting and momentum turning down, a break below the $3.55 EMA could open the way to $3.25. Uniswap's UNI token is bleeding again. The coin slid close to 6% on Wednesday, piling that loss on top of a 5% drop the day before, as a cluster of bearish signals across derivatives markets and price charts hardened the case for a deeper pullback. Two straight sessions of red have tilted the mood firmly in favour of the bears. A product launch that failed to lift the mood The slide came even as Uniswap pushed out a notable upgrade. The protocol rolled out Continuous Clearing Auctions on Avalanche, a tool that lets teams run on-chain token auctions directly and bootstrap fresh liquidity. In theory it smooths out the friction that usually plagues cross-chain interoperability and gives new projects a cleaner way to get off the ground. In practice, traders shrugged: the news did nothing to stem the outflow, and UNI kept sinking through the session. Retail interest is draining away Beneath the surface, the appetite that normally props up a token is fading. Both Open Interest and Social Dominance for UNI are trending lower, a combination that typically signals a risk-off mood settling in among traders. When fewer people are talking about a coin and fewer dollars are riding on its futures, rallies become harder to sustain and every dip finds fewer willing buyers. The derivatives data backs that up. UNI futures Open Interest has dropped more than 5% over the past 24 hours to $261.60 million, according to live tracking from CoinGlass, a contraction that shows the notional value tied up in active contracts is shrinking. Over the same stretch, long liquidations of $2.88 million dwarfed short liquidations of just $1,950, a lopsided wipeout that punished bullish bets far harder than bearish ones. One flicker of nuance: the OI-weighted funding rate ticked up to 0.0016% from -0.0054% a day earlier, a small swing that leaves overall positioning looking mixed rather than uniformly negative. The charts lean bearish On the daily chart, UNI extended its losses and dropped to test its 100-day Exponential Moving Average (EMA) at $3.55. That level now doubles as the token's last obvious foothold. Price is already sitting under both the 50-day EMA at $3.65 and the 200-day EMA at $3.93, and that stack of averages overhead acts as a ceiling, feeding a steady stream of supply every time UNI tries to climb. Momentum readings echo the defensive tone. The Relative Strength Index (RSI) has slipped to 40 and is drifting toward outright bearish territory, while the Moving Average Convergence Divergence (MACD) indicator has crossed below its signal line with a widening bearish spread. Together they hint that the downward pressure is not a one-day event but something with staying power. Where the next floor sits The line in the sand is that 100-day EMA at $3.55. A decisive daily close beneath it would open the door to the 50% retracement of the move measured from $2.31 up to $4.57, which sits at $3.25. That is the level bears will be eyeing if the current selling carries through, and it would mark a meaningful further step down from where UNI trades now. The wider crypto backdrop UNI is not falling in a vacuum. The broader market is leaning defensive, with Bitcoin changing hands around $63,339 on live pricing and stuck below the $64,000 mark traders have been watching. CoinMarketCap's Fear and Greed Index is parked at 38, firmly in fearful territory and a reminder that risk appetite across the sector is thin right now. Not everything is red, though. Chainlink and Dogecoin have emerged as the standout performers over the past 24 hours, holding onto gains that hint at an extended recovery for the pair. Bitcoin, Ethereum and Ripple, meanwhile, are painting a mixed picture as traders test key support. Bitcoin remains under pressure after its recent decline, while Ethereum is trying to build on a rebound off its own 50-day Exponential Moving Average. Ethereum also carries a longer-running worry: over the past two years its circulating supply has been climbing rather than shrinking, a trend that cuts directly against the "ultrasound money" thesis its supporters have long leaned on. What this means for you • For UNI holders: The token has fallen roughly 11% over two days and a close below $3.55 could drag it toward $3.25, so short-term risk is elevated. • For crypto traders: Shrinking Open Interest, heavy long liquidations and a Fear and Greed reading of 38 point to a broadly cautious market where rallies may struggle to hold. Questions & Answers 1. Why is Uniswap's UNI price falling? UNI dropped nearly 6% on Wednesday after a 5% fall the day before, driven by declining retail demand, shrinking futures Open Interest and bearish technical signals. 2. What is the next downside target for UNI? A decisive close below the 100-day EMA at $3.55 could send UNI toward the 50% retracement level at $3.25. 3. What did Uniswap just launch? It rolled out Continuous Clearing Auctions on Avalanche, letting teams run on-chain token auctions and bootstrap liquidity. 4. What do the futures numbers show? UNI futures Open Interest fell over 5% in 24 hours to $261.60 million, and long liquidations of $2.88 million far outpaced short liquidations of $1,950. 5. What are UNI's key moving averages? UNI is testing its 100-day EMA at $3.55 while trading below the 50-day EMA at $3.65 and the 200-day EMA at $3.93. 6. How is the broader crypto market doing? Sentiment is risk-off, with Bitcoin around $63,339 and below $64,000 and the Fear and Greed Index at 38, though Chainlink and Dogecoin are holding gains. https://trendkia.com/en/crypto/bikavali-ke-dabava-men-uniswap-girate-snketon-ke-bicha-uni-ke-3-25-taka-phisalane-ka-khatara-15932 TrendKia — Har trend, sabse pehle.