Uniswap's price has taken a hit after the SEC announcement, leading to a significant drop in the token's value. The selling pressure on Uniswap has increased, causing the price to plummet below the $12.00 support level. The decline has also affected Bitcoin and Ethereum, leading to a broader market downturn.

The UNI/USD pair has dropped below the $9.20 level and reached a low of $8.72, with several bearish indicators. A key bearish trend line has formed with resistance near $10.25 on the 4-hour chart. UNI is currently trading well below the $10.00 level and the 100 simple moving average (4 hours).

The immediate resistance on the upside is near the $9.45 level, which aligns with the 23.6% Fib retracement level of the downward move from the $11.79 swing high to the $8.72 low. The next significant resistance is near the $10.25 level or the trend line, which coincides with the 50% Fib retracement level of the downward move.

A close above the $10.25 level could lead to more gains in the near term. The next key resistance could be near $11.80, above which the bulls might aim for a test of the $12.00 level. However, any further gains could push UNI towards $13.50.

On the downside, if UNI fails to climb above $9.45 or $9.50, it could continue to decline. The first major support is near the $8.70 level, with the next major support near the $8.50 level. A downside break below the $8.50 support could open the doors for a push towards $7.65.

The MACD for UNI/USD is gaining momentum in the bearish zone, and the RSI for UNI/USD is below the 25 level, indicating further downside potential. The major support levels for UNI are $8.70, $8.50, and $7.65, while the major resistance levels are $9.45, $10.00, and $10.25.