Celo Network crashes shortly after Uniswap v3 launch

Celo Network, the global blockchain payments infrastructure for mobile users, is currently stalled. The blockchain has not processed any new transactions in the past eight hours, according to the information available on the network explorer.

Timeline of Celo, Uniswap

A bear market, according to cryptocurrency analysts and experts, is characterised by an imbalance between supply and demand, declining morale, and dropping prices. This also suggests that there is a drop between 10 and 20 percent per year.

Uniswap price analysis remains bearish today, following from yesterday's massive 16 percent decline that took price down to $5.25 support. UNI declined more than 2 percent over the past 24 hours to as low as $5.36 with trading volume rising above 55 percent.

Binance CEO Changpeng Zhao ("CZ") sent a tweet on July 11 alarming the Twitter Inc (NYSE: TWTR) community of a potential exploit on Uniswap (CRYPTO: UNI). What Happened: Uniswap is among the original DeFi applications on Ethereum (CRYPTO: ETH).

Under the influence of the inverted head and shoulder pattern, the Uniswap(UNI) pattern pierced the monthly resistance of $6. Thus, the coin buyers acquire another foothold to climb higher in the price chart.

Uniswap saw a steep decline in trading volume during the month of June, the lowest the decentralized exchange (DEX) has recorded since July 2021.  The post Uniswap Volume Crashes More Than $25 Billion in June to 10-Month Low appeared first on BeInCrypto.

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Following its latest bullish retaliation, Uniswap [UNI] has secured a spot above the 20/50/200 EMA while revealing a near-term buying edge.

Over the past week, the Uniswap(UNI) price has increased by more than 35% resulting in the breakout of the $6 mark. Additionally, the getaway unleashes the trapped bullish momentum within an inverted and shoulder pattern, increasing the likelihood of a police rally surpassing the 100-day EMA to reach the 200-day EMA.

Uniswap (UNI) is in an uptrend as the price has risen above the moving average lines. The cryptocurrency is making a huge push towards the previous highs as the bulls break through the resistance at $5.70.

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