Uniswap Price Analysis: Post-Retest Fall Could Slump UNI Price By 20%

Responding to last week's sell-off, the Uniswap (UNI) price pierced through the range support of $4.5 on June 11th. The breakdown fell to 24.8% and reverted immediately to retest the breached resistance.

Timeline of Uniswap

The price of Uniswap (UNI) fell to its previous low of $3.57 on June 13. The bulls have consistently defended the previous low over the past month. The previous low of May 12 at $3.57 has held for the past month. The bears tried to undercut that level while the bulls bought the dips.

Imagine buying Uniswap's native crypto UNI in December 2020, just before it embarked on a strong rally up until May 2021. Such a chance has presented itself once again courtesy of the latest crypto market crash.

Despite the current challenging environment and the associated market uncertainties, crypto firms such as Binance, Kraken, and Polygon have joined Uniswap Labs in driving their recruitment strategies.

Uniswap Labs said that Cunningham was joining the team due to her belief in “the potential of decentralized exchange and in Uniswap Labs's commitment to fairer markets.” The post Former NYSE president joins Uniswap Labs as advisor appeared first on The Block.

Key takeaways: Uniswap labs have welcomed the former President of the New York Stock Exchange, Stacey Cunningham, as an advisor. Ms. Cunningham served as the NYSE's first female President between 2018 and 2022.

Uniswap [UNI] took a hit just like every other cryptocurrency. But its presence in the market as a decentralized exchange might have something more in store for the token of the protocol.

The price of Uniswap (UNI) resumed a sideways movement after the May 12 plunge. The cryptocurrency is now fluctuating between $4.60 and $5.80 price levels. Nonetheless, the 21-day line (blue line) SMA has continued to drive the cryptocurrency to trade in a tight range. At the time of writing, the altcoin is trading at $4.89.

The price of Uniswap (UNI) has initiated a downward correction as the price falls below the moving averages. Uniswap is under selling pressure at $5.81. Buyers failed to sustain the bullish momentum above the 21-day line SMA.

Uniswap price analysis shows a bearish trend that has brought the UNI/USD value down to $5.03. The market had a breakout to the upside that found resistance at $5.33, which has caused the market to roll over and head back down.

As the month of May came to an end yesterday, it bought relief to a lot of investors who had been suffering under the weight of the bears for months now. Among the ones that found relief was Uniswap holders, as well as Uniswap itself, whose peak in the DeFi market might open doors towards