Uniswap’s native token initially fell below the uptrend line as it didn’t hold momentum beyond the $6.00 support level.

The decline followed the formation of rising channels earlier in the day, but the structure collapsed under mass sales.

However, the failure has proven to be temporary. Uni quickly reversed the course, returning to $6.18, indicating that if support remains close to $6.05, it suggests that the uptrend is still unharmed.

Technical Analysis Highlights

• Uni formed a distinct ascending channel throughout most of the day, providing outstanding support at a level of $6.00 backed by above average volume.
• Uni temporarily fell below the uptrend line, resulting in a sharp reversal, leading to massive sales.
• Two important volume spikes have occurred. It exceeded 455,000 units at 01:38, and over 1.4 million units at 01:42.
• The token rebounded immediately after the failure, regaining the ground and pushing it back towards the $6.18 area.
• Initial resistance occurred at $6.19, which again appears within reach when bullish momentum returns.
• Price Action shows a substantial intraday range of 0.226 (3.78%), highlighting sustained volatility

External reference

In the past 24 hours, Uniswap’s native token UNI experienced a marked decline due to volatile market conditions. The price movement from $7.119 to $6.532 indicates substantial downward pressure, amplified by macroeconomic factors like overall market bearish trends and investor sentiment.

At the same time, microeconomic elements, including Uniswap’s latest protocol advancements and strategic interest from crypto whales, provide counterbalancing support points, potentially staving off further price declines. Despite the dip, long-term confidence might build as Uniswap gains traction with its latest innovations, suggesting strategic investor consideration.

Technical Analysis Highlights

• UNI price plummeted from $7.119 to $6.532 in 24 hours.
• Intermediate support was found at $6.40, buoyed by significant trading volumes, according to CoinDesk Research’s technical analysis data model.
• The price attempted recovery reaching a high of $6.595 but stabilized at $6.522 by 08:00.
• Consistent lower highs noted throughout the session, suggesting continued bearish sentiment.

External References

• “UNI eyes $10 as UniswapX launch triggers inverse H&S breakout”, crypto.news, published May 29, 2025.
• “Uniswap Price Prediction: Is UNI Set for a Bullish Breakout?”, CoinPedia, published May 29, 2025.
• “UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout”, Coin Edition, published May 29, 2025.
• “What’s Next for This Popular DeFi Token? Will Uniswap (UNI) March Above $10 in the Coming Month?”, CoinPedia, published May 29, 2025.

The US Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs without taking any enforcement action.

The decision to drop the investigation solidifies a shift in the SEC’s approach under its current leadership, which has been reassessing enforcement actions across the crypto industry.

SEC Ends Uniswap Probe

During Gary Gensler’s tenure as SEC chair, the agency took a hardline stance against crypto and asserted that most tokens qualified as securities. The Biden-appointed former Goldman Sachs executive led multiple legal actions against crypto firms, accusing them of selling unregistered securities. Since his resignation on January 20, the SEC has rapidly abandoned many of these lawsuits.

Uniswap Labs welcomed the latest resolution, describing it as a “relief” not only for the company but also for the broader DeFi ecosystem, which has long faced regulatory uncertainty. It added that it is working with regulators and policymakers to establish clear and sensible frameworks for emerging financial technologies.

In a statement, the entity behind Uniswap DEX said,

“We have always welcomed dialogue with regulators and policymakers on developing clear, sensible laws and rules for new technology like DeFi. We look forward to productive conversations about our industry’s future in the weeks and months to come.”

Following the announcement, UNI posted daily gains of over 4%, rising to over $8, while the rest of the market still struggles after the Tuesday crash.

The SEC launched an investigation into Uniswap Labs last April, claiming through a Wells Notice that the company had been unlawfully acting as a broker, exchange, and clearing agency while also dealing in unregistered securities. This case was widely regarded as a key regulatory battle for DeFi.

In response, Uniswap Labs called the agency’s legal arguments “weak” and urged it to respect constitutional limits. The company argued that the SEC wrongly assumes all tokens are securities and is improperly redefining terms like “exchange” and “broker” to fit its case.

Unichain Launch

The latest development comes two weeks after Uniswap announced the launch of Unichain, its Ethereum Layer 2 solution, as it marked its entry into the competitive L2 ecosystem. Built on the Optimism Superchain, Unichain aims to improve DeFi by offering faster transactions, lower fees, and increased decentralization. It features one-second block times, 95% cheaper gas fees than Ethereum, and native USDC integration.

Users can swap, bridge, and provide liquidity directly through Uniswap’s app. Unichain prioritizes decentralization from the start. The focus will also be on a public Validation Network; however, it faces stiff competition from established Layer 2 networks such as Arbitrum and Base.

With the launch of Unichain, Uniswap’s much-anticipated Layer-2 network, the price of the decentralized Exchange governance token Uni rose by about 4.5% to about $9.7, resulting in a significant increase in social activity and sentiment.

Uni’s prices benefited from the launch of Unichain, but were unable to break through the $10 mark. Cryptocurrency has dropped by around 0.3% over the past 24 hours, surpassing Bitcoin (BTC) in a short time since the launch of Layer-2 network.

The sentiment surrounding the token has remained positive since its launch, with X’s post count rising about 30% to over 1,400, with around 41% positive and 48% having a neutral tone And the data from TheTie show.

The rise is noteworthy as social media posts surrounding the token were rising towards Unichain’s launch. Unichain Block Explorer shows you already have 15,000 active wallets on your network and you are processing nearly 100,000 transactions on the first day.

One notable post comes from Hayden Adams, CEO of UnisWap Labs. He pointed to a promising future where the protocol will launch “many new improvements to accelerate blockchain scaling.”

These include reduced block time and allow most maximum extractable values ​​(MEV) to be returned to the user.

“In other words, the unforgiving delivery continues until Ethereum and defi are bigger than the combination of cordfi+cefi. With just four months of testnet, the network handled ~100m transactions. Currently, over 80 “The project is already built on top (and there are already Uniswap + V2, V3 and V4 deployments live),” Adams said in X.