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Uniswap (UNI) Tanks As Bears Take Charge, Will The Bulls Come To Rescue?

According to Uniswap’s (UNI) price chart, the coin is moving sideways on the chart. As the market opened, the price dropped to $5.30, where UNI found little support.

Bulls are trying to regain control, but selling pressure is quite strong. The coin started exhibiting bearish momentum after April 19, 2023, when sharp crashes were observed in the chart. As of today, May 2, it has continued the bearish trend. 

Uniswap opened in April at $6.0603 and t traded around the same price level at the start of the next day before recording a pullback to $5.9461 at the close of the market. Luckily, UNI regained its grip above $6 on April 4. 

UNI maintained the same price level from April 4 to 7 before dipping to $5.9191 on April 8. Thankfully, the price dip lasted for 5 days only. On the April 13 close of the market, UNI gained again above $6.

It remained at the level until April 20, when it lost the grip falling to the $5 price range and continuing till today, May 2. 

(by Eli Dambel)

Uniswap Uniswap $13.01
+4.27%
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