Uniswap Price Plunges 10.5% as Bearish Sentiment Intensifies

Uniswap's price took a sharp decline of 10.5% to around $3.5 after breaking its support level at $3.9, leading to over $3.25 million in long liquidations and increased selling pressure.

Futures net outflows reached -$31 million, while spot market sellers intensified their activity, pushing exchange inflows and outflows to monthly highs, signaling strong bearish sentiment.

Technical indicators suggest continued downside momentum, with $3.0 as the next key support level if selling persists.