On April 2, the Uniswap ($UNI) price hit a monthly low after a sharp crash of 13.42% on a daily chart, sparking fear in the DeFi sector.
According to CoinMarketCapthe cryptocurrency is trading around $3.12 with a market cap of $1.97 billion and a daily trading volume of $383.85 million.
Why is Uniswap losing momentum?
There are several macroeconomic and technical factors that led to the cryptocurrency’s demise, including a swap incident that raised questions about the complexity of DeFi platforms.
The cryptocurrency’s sharp decline is a classic case of liquidity expansion and forced liquidation, meaning leveraged traders were likely forced out of their positions.
According to the analysis, this does not yet appear to be a solid bottom. As key trend indicators point to a further bearish trend, there could be more downside, or at least a retest at lower levels is likely before a real reversal occurs.
(Source: TradingView)
It is best to wait for a recovery or retest before considering short positions, rather than chasing the price down from current levels. The price move back to the range of $3,259 to $3,316 or to $3,331 could provide safer entry into shorts, provided a bearish rejection is confirmed.
For example, if the price rises to $3,316 and forms a bearish engulfing candle or clear rejection pattern, that could be an important short entry. The first profit target would be $3,027, and the next $2,946.
To manage the risk, a stop-loss should be placed above the swing high of the relief rally.
In the present downfall $UNI The price fell below the recent major consolidation zone of $3.40 to $3.50 after failing to maintain major daily moving averages. According to TradingView, the biggest support is around $3.12 million, with a strong demand zone from $3.00 to $3.10. The key long-term support is around $2.95 to $2.65.
On the uptrend, the cryptocurrency could face major resistance around $3.30 to $3.40. According to daily indicators, there is strong bearish momentum, with the RSI approaching oversold levels in the short term.
Uniswap Labs implements v2, v3 and v4 protocols on Linea
In the latest post on This implementation allows users to perform simple swaps, liquidity provision and native staking yields at a very low cost via the web app, API and wallets.
Linea is live on the Uniswap stack
→ Uniswap v2, v3 and v4
→ Uniswap web app
→ Uniswap APIWith support in Uniswap Wallet rolling out now on iOS and Android pic.twitter.com/WugY0AjM3n
— Uniswap Labs 🦄 (@Uniswap) April 2, 2026
In addition, the company also released its unaudited financials for fiscal year 2025, showing total assets of $85.8 million. This includes $49.9 million in cash and stablecoins, 15.1 $UNI tokens and 240 Ethereum. The foundation has an expected operating runway of nine months, which means sufficient funding to continue operations until January 2027.
Last year, the foundation awarded $26 million in DeFi grants aimed at accelerating adoption of Uniswap’s v4 upgrade and its Unichain network.