Uniswap (UNI) dropped below $3 after a brief surge to $3.60 driven by Standard Chartered's bold $100 price target for 2030. Despite the pullback, UNI remains up 20% from mid-June levels. Technical indicators suggest a consolidation phase with key support at $2.95 and resistance near $3.35. Market sentiment is mixed as macroeconomic pressures and profit-taking offset initial enthusiasm from the analyst forecast.

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