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CoinDesk 2025-06-13 15:54:14

UNI Drops Hard After V-Shaped Rebound Fizzles Amid Mounting Middle East Tension

UNI Drops Hard After V-Shaped Rebound Fizzles Amid Mounting Middle East Tension

Uniswap’s UNI UNI token is down 6.36% to $7.3864 over the past 24 hours, as traders absorbed another wave of geopolitical tension following an aggressive new message from President Donald Trump. The token had briefly recovered from a sharp overnight crash—bouncing 9.5% from $6.82 to over $8.40—but has since slipped again as risk sentiment deteriorated. In a Truth Social post early Friday, Trump issued his most direct warning yet to Iran, stating, “Iran must make a deal, before there is nothing left.” He claimed to have given Iran multiple chances to negotiate, but said their failure to act would result in further “death and destruction.” The message concluded with a stark ultimatum: either Iran reaches an agreement, or it risks being wiped out entirely. The post has amplified investor anxiety across risk markets, including crypto. While UNI had shown strong recovery behavior earlier in the day, the renewed threat of broader Middle East escalation appears to have capped upside momentum. The token is now consolidating near $7.38, with traders watching to see if support near $7.26 can hold under intensifying geopolitical pressure. Technical Analysis Highlights UNI crashed 12.5% from $7.90 to $6.82 on heavy volume (8.48M) before recovering 9.5%. Price action formed a V-shaped reversal, rebounding from $7.21 to $7.35. Volume peaked between 13:31–13:44 UTC as price broke $7.30 resistance. Support formed at $7.26 with multiple successful retests. UNI has since declined to $7.3864, with current resistance near $7.50 and pressure building. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .

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