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.
- 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.
UNI is now testing the 38.2% retracement at $3.19. The level carries added importance because it sits near the lower end of the token’s March-to-May trading range, where buyers previously stepped in around $3.10–$3.20.
A daily close below $3.19 would weaken that support and expose the 23.6% Fibonacci level at $2.86. Continued selling could then send the token toward the psychological $3.00 mark or the June swing low at $2.32.
The latest daily candle also shows little evidence that buyers are absorbing the decline. UNI opened near $3.48, briefly reached $3.53, and then fell to $3.17, leaving the token close to its session low.
Bear-bull power stood at -0.791, its weakest reading on the displayed daily chart. A deeply negative reading indicates that sellers are forcing the price farther below its short-term average rather than merely responding to a temporary pullback.
Daily Stochastic RSI readings of 0.00 and 0.54 place UNI deep in oversold territory. Such a reading can precede a relief rebound, but oversold conditions alone do not confirm that the decline has ended while price continues to record lower highs and lower lows.
Head-and-shoulders pattern confirms a bearish reversal
Crypto analyst Crypto With Gopal identified a head-and-shoulders pattern on UNI’s 4-hour chart in an Aug. 12 post on X. According to the analyst, the right shoulder failed around $4.20 before the token broke below the pattern’s neckline near $3.90.
The formation began with a left shoulder below $4.00, followed by a head near $4.60 and a lower right shoulder around $4.20. Price subsequently lost the rising neckline that had supported the July advance.
Crypto With Gopal placed the pattern’s downside target near $3.00. UNI has since fallen from approximately $3.53 at the time of the post to around $3.23, bringing the projected level within 7% of the current price.
The 4-hour chart supports the bearish pattern. UNI formed a sequence of lower highs after the Aug. 1 peak, initially losing $4.00 before falling through $3.80, $3.60, and $3.45. A brief attempt to stabilize around $3.50 failed on Aug. 14 and was followed by another sharp leg lower.
Aroon Down stood at 92.86% on the 4-hour timeframe, while Aroon Up registered 0%. The separation indicates that recent lows are forming much more frequently than recent highs, keeping the short-term trend pointed downward.
Chaikin Money Flow was also negative at -0.28. The reading shows that trading volume has been concentrated during periods when UNI closed near the lower end of its candles, a sign that capital continues to leave the market.
UNI liquidations could amplify volatility
CoinGlass’ three-day liquidation heatmap shows that UNI’s decline accelerated as the price moved through several areas containing leveraged positions. The token fell from above $3.80 on Aug. 11 to nearly $3.20 by Aug. 14, with sharp drops appearing around $3.60, $3.45, and $3.35.
The heatmap suggests that liquidity previously concentrated near $3.45 was cleared during the latest sell-off. UNI briefly moved below $3.20 before stabilizing around $3.23, where nearby liquidation bands appear smaller than the clusters left above the market.
Larger concentrations remain between approximately $3.45 and $3.55, followed by brighter bands around $3.60–$3.65. Because price can move toward areas containing heavily leveraged positions, a recovery into these zones could trigger short liquidations and produce a faster rebound.
However, the same clusters may also act as resistance. Traders who bought before the breakdown could use a return toward $3.45 or $3.60 to reduce exposure, adding spot supply as leveraged shorts face pressure.
Another large liquidity band sits near $3.68, while additional concentrations extend toward $3.80. UNI would need to reclaim the $3.45 Fibonacci midpoint and then hold above $3.72 to begin repairing the damage visible on the daily chart.
Below the current price, liquidation liquidity is thinner, although smaller bands appear between $3.10 and $3.20. A clean breakthrough through that area could allow the price to travel more quickly toward the $3.00 target identified in the head-and-shoulders setup.
Key UNI price levels traders are watching
The immediate support range lies between the daily low of $3.17 and the 38.2% Fibonacci level at $3.19. Holding this area could allow UNI to attempt an oversold bounce toward $3.40–$3.45, where the first notable liquidation cluster and former support are located.
A move above $3.45 would put $3.60–$3.65 in focus. Reclaiming that range would clear a dense group of liquidation levels, although the 61.8% retracement at $3.72 would remain the stronger technical barrier.
For the bullish case to gain credibility, UNI would need to close above $3.72 and recover the broken neckline near $3.90. The $4.10 Fibonacci level and the failed right shoulder around $4.20 would then become the next resistance points.
The bearish case remains active while UNI trades below $3.45. A daily close under $3.17 would open the path toward $3.00 and $2.86, while a loss of $2.86 would expose the June recovery base between $2.32 and $2.40.
For U.S. investors, UNI remains available through crypto trading platforms rather than U.S.-listed spot exchange-traded funds, leaving the token more dependent on direct spot demand and offshore derivatives liquidity. The chart therefore offers no ETF flow buffer comparable to Bitcoin or Ethereum when leveraged selling accelerates.
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