UNI Price Plunges, Hinges on Crucial Support at $8.68

UNI experienced a significant price drop of nearly 10% in just 24 hours, falling from $10.13 to $9.03 before stabilizing at $9.05.

This move is not a slow bleed but rather liquidation-driven or macro-correlated distribution, signaling something deliberate.

As a DeFi token, UNI tracks Bitcoin correlation tightly and amplifies moves in both directions, making it susceptible to broader market sentiment.

The speed of the drop suggests real sellers showed up, with $87 million in spot volume cleared on Binance alone in 24 hours.

Momentum has gone dead, but the structural trend is still intact, with price sitting well above key moving averages.