Uniswap price crashes 20% as breakdown targets $3

Uniswap price has fallen nearly 20% over the past seven days to $3.23 as a head-and-shoulders breakdown, weak capital flows, and cascading long liquidations intensified selling pressure. Summary Uniswap price has dropped nearly 20% in seven days and traded around $3.23 on Aug. 14. The daily price has returned to the 38.2% Fibonacci retracement at $3.19. 4-hour Aroon and Chaikin Money Flow readings show sellers remain firmly in control. Liquidation clusters between $3.45 and $3.65 could limit any short-term recovery. Uniswap price extends its breakdown toward $3.20 According to data from crypto.news, Uniswap (UNI) price fell as low as $3.17 on Aug. 14 before recovering slightly to $3.23. The token was down almost 7% on the daily candle and nearly 20% over seven days, extending a decline that began after its early-August peak near $4.59. The daily chart shows UNI giving back most of the rally that started from the June 11 low of $2.32. Sellers pushed the token below the 78.6%, 61.8%, and 50% Fibonacci retracement levels at $4.10, $3.72, and $3.46, respectively. Uniswap price daily chart — Aug. 14 | Source: crypto.news UNI is now testing the 38.2% retracement at $3.19. The level carri...