Uniswap price analysis: UNI is bullish at $6.40; more upside ahead?

Uniswap price analysis shows that the price is currently in a bullish trend as it has broken out of the descending triangle formation. The next level of resistance is at $6.49, and if the price can sustain its current momentum, it is likely to test this level in the near future.

Timeline of Uniswap

Uniswap [UNI] became the talk of the town as the social activity for the decentralized exchange-based token skyrocketed. According to analytics firm LunarCrush, the total number of social mentions for UNI rose to nearly 42k at the time of writing, the highest in over two months.

The Uniswap price analysis shows the bears have been able to suppress the price levels below the $6.30 level during the latest downtrend. The bears are reigning the price charts as the price has decreased during the day.

Uniswap price analysis is bullish today as the market continues to push upwards. The UNI/USD pair is trading at $6.54, up 0.02 percent in the last 24 hours and 2.3% since the start of the week.

Trust is a two-way sword for crypto. Trustlessness is a foundational principle in this domain. But crypto-powered systems must also be trustworthy enough for users and investors to participate. Can the two co-exist? Yes, indeed, since trustlessness is a technical feature while trustworthiness is social.

Uniswap [UNI] saw aggressive selling after March 8 (Wednesday), but it was slowly easing at press time. The DEX (decentralized exchange) token dropped from $6.4 to a crucial confluence of support levels that allowed bulls to set it into a recovery path.

Uniswap price analysis for today shows that the price is covering downward movement once again. The value depreciated to a low of $5.46 and is currently consolidating, indicating that the price could be headed for further declines.

Uniswap price analysis for today shows a continued downtrend after opening the market at $6.10. Despite a slight bump in prices in the morning, it quickly dropped to around $6.10 by the afternoon.

Uniswap price analysis for today indicates a bearish swing as the UNI/USD pair is seen correcting down to $6.36. The pair has been struggling to break through strong resistance levels of $6.48, failing to remain above this level for more than an hour in the past 24 hours.

Uniswap price analysis shows a bearish trend in the market after selling pressure increased earlier today. UNI/USD pair has dropped from a high of $6.43 to a low of $6.35, which is the current price.

Uniswap [UNI], the largest decentralized exchange (DEX), recorded a considerable fall in its trading traffic in February. Data from Token Terminal highlighted that the trading volume tanked 46% since mid-February, while trading fees almost halved in the same time period.