Uniswap Price Hits Monthly Low After 13% Crash in 24 Hours

On April 2, the Uniswap ($UNI) price hit a monthly low following a sharp crash of 13.42% on a daily chart, sparking fear in the DeFi sector.

According to CoinMarketCap, the cryptocurrency is trading at around $3.12 with a market capitalization of $1.97 billion and a daily trading volume of $383.85 million.

Why Is Uniswap Losing Its Momentum?

There are various macroeconomic and technical factors that sparked a downfall in the cryptocurrency, including a swap incident that raised questions about the complexity of DeFi platforms.

The sharp downfall in the cryptocurrency is a classic liquidity sweep and forced liquidation event, which means that leveraged traders were likely forced out of their positions.

According to the analysis, this does not look like a solid bottom yet. As major trend indicators are suggesting a further bearish trend, there might be more downside, or at least a retest of lower levels is likely before any real reversal takes place.

(Source: TradingView)

It is best time ot wait for a bounce or retest before considering short positions, rather than chasing the price down at current levels. The price movement back into the range of $3.259 to $3.316 or up to $3.331 could offer a safer entry to short, provided a bearish rejection is confirmed.

For example, if the price soars to $3.316 and forms a bearish engulfing candle or a clear rejection pattern, that could be an important short entry. The first profit target would be $3.027, with the next at $2.946.

A stop-loss should be placed above the swing high of the relief rally to manage risk.

In the current downfall, $UNI price dropped below the recent major consolidation zone of $3.40 to $3.50 after failing to hold major daily moving averages. According to TradingView, the major support is sitting at around $3.12m with a strong demand zone at $3.00 to $3.10. The major long-term support is at around $2.95 to $2.65.

In the upward trend, the cryptocurrency might face major resistance at around $3.30 to $3.40. According to daily indicators, there is a strong bearish momentum with RSI approaching oversold levels on the short-term timeframes.

Uniswap Labs Deploys v2, v3, and v4 Protocol on Linea

In the latest post on X(formerly Twitter), Uniswap Labs has announced the deployment of v2, v3, and v4 protocols on ConsenSys-backed Linea zkEVM. This deployment will allow users to perform easy swaps, liquidity provision, and native staking yields with a very low cost through the web app, API, and wallets.

Linea is live across the Uniswap stack

→ Uniswap v2, v3, and v4
→ Uniswap Web App
→ Uniswap API

With support in Uniswap Wallet rolling out now on iOS and Android pic.twitter.com/WugY0AjM3n

— Uniswap Labs 🦄 (@Uniswap) April 2, 2026

Apart from this, it also released its unaudited FY2025 financials, showing $85.8 million in total assets. This includes $49.9 million in cash and stablecoins, 15.1 $UNI tokens, and 240 Ethereum. The foundation has a projected operational runway of 9 months, which means enough funding to continue operations into January 2027.

Last year, the foundation awarded $26 million in DeFi grants, which aimed at speeding up the adoption of Uniswap’s v4 upgrade and its Unichain network.