As Uniswap (UNI) enters a short-term correction phase, whether it can hold the price level formed during its recent rebound is seen as a key variable that will determine its future direction. Market attention is focused on whether the token can defend the $3.70 level.

■ Analyst: "Reached $3.79 Before Falling Back to $3.70... Watch the $4.43 Sell Zone"

On the 22nd, Saladdin2004, an analyst active in the CoinMarketCap community, analyzed that the UNI price reached $3.79 before being pushed back down to around the $3.70 level. The analysis was presented from a short-term sell position perspective, with the explanation that the strategy may need to be readjusted depending on future price movements.

Notably, the analyst identified the area around $4.43 as a price level worth examining from a new selling perspective. Since this is higher than the current price level, the implication is that if UNI rebounds again, it will be necessary to check whether selling pressure strengthens around the $4.43 mark.

■ Merely One Analyst's Technical Analysis... "Independent Research Required"

However, this is a technical analysis from a specific market participant and does not mean the price will actually reverse or decline at that level. CoinMarketCap also states that responsibility for content and opinions posted in the community lies with the authors, and that users need to conduct their own research.

■ Uniswap, a Leading Decentralized Exchange in DeFi... Broader Market Variables Also at Play

Uniswap is one of the decentralized exchange ecosystems representing the decentralized finance (DeFi) market. UNI is the governance token of the Uniswap protocol, and its price volatility can increase depending on overall market risk appetite, trends in the Ethereum ecosystem, and trading activity on decentralized exchanges. The movement of the overall virtual asset market is also a variable.

According to CoinMarketCap data, the current global virtual asset market size stands at approximately $2.62 trillion, up 1.18% from the previous day.

Ultimately, in UNI's short-term trajectory, it is necessary to watch both whether the price holds around $3.70 and the extent of sell volume emerging on any rebound. In particular, the $4.43 level cited by the analyst should be understood as a technical analysis price level, not a forecast.

[This article was written with AI assistance. This article is not intended to encourage virtual asset investment, and the technical analysis presented by a specific analyst may change depending on market conditions. Virtual assets carry high price volatility and the risk of principal loss, so investment decisions and responsibilities rest with the investor.]