Despite recent losses, the price of Uniswap (UNI) has recovered and is showing bullish signals in its technical analysis. While it has struggled to break through a significant resistance level, UNI has seen a 20% appreciation in the past week. Its price movement is closely tied to the broader market strength, particularly the performance of […] The post Uniswap Bullish But Struggles With Resistance, Potential For More Gains? appeared first on Crypto Press Cryptocurrencies News Network.
Despite recent losses, the price of Uniswap (UNI) has recovered and is showing bullish signals in its technical analysis. While it has struggled to break through a significant resistance level, UNI has seen a 20% appreciation in the past week. Its price movement is closely tied to the broader market strength, particularly the performance of Bitcoin. If UNI can surpass the important overhead resistance, a potential rally could occur. However, if it fails to break through the resistance zone, it may experience a decline. The increase in trading volume indicates an influx of buyers and the potential for further gains. This article originally appeared on www.newsbtc.com Uniswap, the popular decentralized exchange (DEX), has been the talk of the cryptocurrency world lately. With its unique approach to trading, it has gained significant traction and is now considered a game-changer in the DeFi space. However, despite its bullish performance in recent weeks, Uniswap has been facing some strong resistance levels that may impede its upward momentum. Uniswap allows users to trade ERC-20 tokens directly from their wallets, without the need for intermediaries or centralized exchanges. This decentralized nature has attracted many investors, as it eliminates the risk of hacks or manipulation by…