Uniswap: Can short-term bulls distract traders from UNI's long-standing bears

WhaleStats, a crypto whale movement tracking platform, tweeted a list of most used smart contracts by the top 500 BSC whales. Standing at rank #8 was UniSwap UNI, which was good news for the blockchain as it indicated increased popularity of the chain and its native token.

Timeline of Uniswap

The technical chart shows the Uniswap coin price forming an inverted head and shoulder pattern in the daily time frame chart. This bullish reversal pattern is known to flip the market sentiment and initiate a series of new higher highs and higher lows trends.

Uniswap founder Hayden Adams is concerned that the exchange might be using its users' funds for participating in governance. The post Binance now second-largest entity by voting power in Uniswap DAO appeared first on The Block.

Uniswap price analysis is bullish today after the price broke the $6.64 barrier to rise up to $6.52 over the past 24 hours. The price levels have covered an upwards range, as the bullish momentum has proved to be quite steady.

Uniswap price analysis shows a bearish trend that has brought the UNI/USD value down to $6.34. The market had a breakout to the upside that found resistance at $6.43, which caused the market to roll over and head back down.

PRESS RELEASE. Digital currency made splashes in the 2010s with a promise of decentralization and ultimate user privacy. However, most well-known crypto exchange giants, like Binance or Coinbase, are CEXs by essence. It means they are centralized exchange platforms, offering custodial wallets to users and collecting user data.

Uniswap price analysis for October 17th, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the UNI market.

Uniswap [UNI], one of the largest decentralized exchanges, collected the highest amount of fees in the last three months. However, the collected fees failed to translate into revenue.

Uniswap price analysis reveals a bearish trend, as a steady decrease in price has been detected today. The most recent analysis shows that the cryptocurrency is covering the range downwards again as the selling pressure has returned in the market.

Uniswap is not looking good right now. UNI, the governance token of the decentralized exchange platform bearing the same name, must be able to muster enough energy to regain momentum and hit its target.

Cryptocurrencies have been suffering higher volatility since the bear took control. For example, the fledgling crypto coin Bitcoin price plummeted to a low of $18,363 on Oct 13 and then reversed to $19,354 today.