Should you buy UNI as Uniswap DAO votes in favor of altering the governance structure?

The Uniswap (UNI/USD) Decentralized Autonomous Organization (DAO) has unanimously voted in favor of a proposal to make the governance process frictionless. Uniswap is essentially a decentralized protocol that users leverage as a means of trading tokens built on top of the Ethereum (ETH/USD) blockchain.

Timeline of Uniswap

Decentralized finance (DeFi) platform Uniswap (UNI) is announcing that users can now buy cryptocurrencies on its web app using credit or debit cards and through bank transfers. The leading decentralized cryptocurrency exchange (DEX) is rolling out support for the new payment methods in partnership with MoonPay, a fintech company that builds payment infrastructure for crypto.

During this ongoing crypto winter, most of the cryptos have been struggling to increase their values, and Uniswap [UNI] was also among them. However, despite its underwhelming performance, UNI received notable interest from the whales.

Uniswap price analysis shows an upward trend for cryptocurrencies today. Bulls have been able to raise the price to $5.32 in the past day despite the price has been bumping up against negative resistance for the previous few days.

Decentralized crypto exchange Uniswap (CRYPTO: UNI) has partnered with MoonPay to accept credit and debit card purchases. What Happened: Uniswap, which runs on the Ethereum (CRYPTO: ETH) blockchain, stated: “Decentralized exchanges (DEXs) are the safest way to trade digital assets compared to their centralized counterparts.

In the latest development, decentralized exchange Uniswap (UNI) announced that they are now allowing users to buy digital assets on the Uniswap Web App using a debit card, credit card, or bank transfer. This facility is now available to 160 countries across the world.

Today Uniswap price analysis shows an increasing bearish tendency as the price has followed a descending movement in the last 24 hours. The price was on its way to recovery late yesterday, as more bullish activity was being preserved.

Uniswap price analysis reveals that UNI is currently trending towards its $5 support as the wall of sellers appears. The wall of sellers, often referred to as a “bearish flag” or “resistance line,” is an indication that traders may be taking profits, or bearish sentiment could be rising.

According to Santiment, the decentralized exchange Uniswap has not experienced any kind of recovery. Santiment recently tweeted that Uniswap is one of the outliers in the active addresses measure, indicating that the DEX's native token UNI is underperforming relative to other cryptocurrencies.

Uniswap price analysis indicates its current price action is indicative of a bearish trend that is slowly but surely building up. After breaking down from the ascending triangle pattern in mid-week, UNI has been consistently trading below the $5.62 mark after the massive rejection.

The latest Uniswap price analysis confirms a downward trend for the market as the cryptocurrency faced bearish resistance during the past two days. Although the situation favored the buyers in the previous week, the bears managed to escape the bullish wave in the past two days.