Uniswap Faces Critical Test as Price Plummets Toward $3.20 Support Zone

Uniswap's price has fallen under significant selling pressure after facing a sharp rejection from the $4.40, $4.50 region, causing it to plummet back toward its crucial support zone at $3.20.

The decline has brought UNI to an important decision point where buyers must defend this level to prevent further downward movement.

A strong reaction in this area could set up a recovery, while a decisive break below it could open the door for a move toward $3.

Liquidity heatmaps show significant liquidity building around the $3.50, $4.10 region, making it an important battleground between buyers and sellers if UNI manages to bounce from current levels.