Uniswap’s token, UNI, saw a sharp decline of 6.36% to $7.3864, following a recovery from a severe flash crash. The significant drop comes amid rising geopolitical tensions, particularly following President Donald Trump’s stern warning to Iran, indicating potential escalation if negotiations fail.

Key Points:

• UNI recovered briefly with a 9.5% rise from an intraday low of $6.82, but settled again as resistance was met at the $8.40 mark.
• Trump’s latest remarks to Iran are causing increased investor concern across various markets, including cryptocurrencies.
• Current trading dynamics place UNI near $7.38, with indicated support around $7.26 and resistance at approximately $7.50.

In a recent Truth Social post, Trump stated, “Iran must make a deal, before there is nothing left.” He indicated that failure to act could lead to severe consequences for Iran, emphasizing the need for an agreement to avoid further violence.

This warning raises fears of broader conflict in the Middle East, which has directly impacted investor sentiment in the crypto market. As a result, while UNI demonstrated initial recovery potential, renewed geopolitical risks appear to limit upward movement.