Uniswap Slides 10% as Leveraged Longs Amplify Market Selloff

• UNI fell toward $3.52 as leveraged long positions were forced out.
• The token now trades below every major moving average on the four-hour chart.
• RSI has dropped below 30, showing unusually stretched downside momentum.
• Recent Uniswap expansion on Robinhood Chain has not insulated UNI from market positioning.

Uniswap’s UNI token fell roughly 10% over 24 hours on August 12, extending a sharp technical breakdown even as Bitcoin remained comparatively stable. The selloff pushed UNI toward $3.52 and below every major moving average visible on the four-hour chart, while derivatives data pointed to leverage being removed from the market rather than a new deterioration in Uniswap’s underlying protocol. The divergence between product expansion and token performance offers a useful reminder that stronger network activity does not automatically protect a governance token from crowded positioning.

UNI’s breakdown became self-reinforcing below $3.80

The latest decline accelerated after UNI lost the area around $3.80, where its 200-period simple moving average had been providing an important longer-term technical reference.

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