Uniswap price analysis: UNI follows a bearish movement at $8.9

Uniswap price analysis reveals that the market is following a dormant trend below the $9 mark and is likely to remain there. UNI/USD had tremendous momentum the previous day, August 3, 2022, when the price went significantly from $8 to $9.3.

Timeline of Uniswap

Uniswap price analysis shows a bearish trend that has brought the UNI/USD value down to $8.28. The market had a breakout to the upside that found resistance at $9.10, which has caused the market to roll over and head back down.

Sofia, Bulgaria, 1st August, 2022, Chainwire DeFi project ChangeX has successfully launched its CHANGE token for trading on HydraDEX and Uniswap to strong investor interest, company officials said. The app supports several trading pairs in order to offer a broader range of possibilities to investors, BTC and ETH cross-chain swaps included.

Uniswap (UNI) has continued to perform well as the altcoin has reached a high of $9.80. The cryptocurrency has regained bullish momentum as the altcoin trades above the moving average lines.

UNI's 80% July gains are in dangerous waters as a new bearish pattern emerged and risks another drop from the current levels in the bearish setup so let's have a closer look today at our latest altcoin news.

DeFi coins Lido, Curve, and UNI jumped by double digits as the markets rebounded and are among the top gainers to a $1.1 trillion market cap so let's read more today in our latest cryptocurrency news today.

Uniswap [UNI], one of the largest decentralized exchanges, is looking into the activation of protocol fees. The decentralized network community recently initiated discussions on how to efficiently activate protocol fees.

Uniswap price analysis shows that the UNI/USD pair has been on a bullish trend since the beginning of today. The prices reached a high of $8.40 yesterday and have been consolidating since then.

Uniswap's community took a big step towards its “fee switch,” which could have significant implications for both the Uniswap protocol and all UNI token holders. The fee switch has been the subject of long debates in the DeFi community, thanks to its potential implications on the community.

Despite the rocky week for crypto, Uniswap (UNI) was able to maintain its upward trajectory. Wallets holding between 10,000 and 1 million UNI coins have added about 10.7 million more UNI tokens.

Large Uniswap (UNI) holders are heavily accumulating the crypto asset, according to the analytics firm Santiment. Santiment notes that addresses holding between 10,000 and one million Uniswap have added 10.74 million more UNI to their holdings from July 8th to July 24th, a trove representing 1.1% of the asset's total supply.