The Uniswap price is facing growing pressure after a breakdown below a key rising trendline that had supported the token since April.
While large investors continue accumulating UNI and new ecosystem developments attract attention, technical indicators suggest sellers still maintain control of the market.
At the same time, MANTRA’s OM token has entered a deeper correction after losing a major support level, highlighting continued weakness across parts of the altcoin market.
According to Cryptorphic, UNI has broken below its ascending trendline support, indicating a weaker market structure. The token is trading near $3.29 and remains below key moving averages, reflecting ongoing bearish pressure.
The Uniswap price is struggling to reclaim the $3.35–$3.47 resistance zone, which now aligns with the broken trendline and overhead moving averages. Meanwhile, the RSI sits near 41, below the neutral 50 level, showing limited buying momentum and leaving room for further downside.
Source: X
If the Uniswap price fails to recover above resistance, the next major support level is around $2.64, which could confirm a deeper bearish trend.
Also Read: SEI Price Shows Recovery Signals Despite Broader Crypto Market Weakness
Whale Activity Supports Uniswap Price Outlook
Despite the weak chart structure, some investors remain optimistic about UNI’s longer-term prospects. Market observer Kiran Gadakh reported that whale inflows exceeding $2 million recently entered the market, suggesting large holders may be accumulating during the pullback.
Fundamental developments are also drawing attention. Uniswap recently integrated with Base for AI agent swaps, while BlackRock has reportedly utilized UniswapX for operations related to its BUIDL fund.
Another factor supporting UNI is its fully unlocked supply, meaning there are no future token unlocks that could introduce additional selling pressure.
For bulls, the most important level remains $3.40. A successful break above that resistance could improve sentiment and allow the Uniswap price to target the $4.00 region.
Source: X
OM Breakdown Strengthens Bearish Trend
While the Uniswap price tries to stabilize, OM remains under pressure after a rally from $3.20 to above $4.10 earlier in May. Selling intensified after support at $3.40 broke, turning both $3.40 and $3.70 into key resistance levels.
The latest drop pushed OM below the crucial $3.00 support, strengthening bearish sentiment. Buyers need to reclaim $3.00 and move above $3.40 to weaken the current downtrend.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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