Uniswap (UNI) Faces Potential 15% Correction Amid Rising Long Liquidations

Uniswap (UNI) is at risk of a decline toward $7.80 following a failed breakout attempt near the $11.51 Fibonacci resistance level. After reaching an intraweek high of $10.95, the token retreated to $9.11 as selling pressure increased. Technical indicators, including a weekly RSI of 73, suggest the asset is currently overbought. Analysts note that a failure to reclaim the $10.95–$11.51 range, combined with a concentration of leveraged long positions, could lead to further downward pressure toward support levels at $7.83 and $6.91.