Uniswap price analysis: UNI moves sideway at $6.06 as bears strive for control

Recent Uniswap price analysis is bearish as the price has further declined today. The price levels have reduced to the $6.06 range, and a steady decline in UNI price has been going on since today.

Timeline of Uniswap

Uniswap price analysis suggests a downward movement to $6.000 The closest support level lies at $6.400 UNI faces resistance at the $6.700 mark The Uniswap price analysis shows that the UNI price action has struggled to break above $7.000 and has fallen below the $6.

Bitwise has predicted that Uniswap would surpass Coinbase in terms of trading volume in Q4 2023 as confidence in centralized exchanges erodes. The post Will Uniswap Make a 2023 Comeback After a Year of Bad CEX?

In a recent prediction made by Bitwise, it was stated that Uniswap would be overtaking Coinbase in terms of trading volume. According to Bitwise, this event would happen in Q3 of 2023.

Uniswap price analysis shows that the digital asset has found stability at $6.05 after receiving a bullish push from the market. The cryptocurrency is currently trading above the $5.96 level, and it looks like it is preparing for another leg up in the near future.

Uniswap price analysis suggests sideways movement between $5.70 and $5.90 The closest support level lies at $5.800 UNI faces resistance at the $5.90 mark The Uniswap price analysis shows that the UNI price action was rejected at $5.95 and moved back toward the $5.80 support level.

Uniswap price analysis for January 9, 2023, shows bullish momentum. The Uniswap token (UNI) is currently trading at $5.92 and has surged by over 8.2% from the opening price of $15.47.

Uniswap (UNI) has surged in the social dominance department, peaking on December 25 at 20.46%. Uniswap is seen to win the popular vote as it topples other cryptocurrencies in the social arena.

The social dominance and social volume of decentralized exchange, Uniswap [UNI] hit its peak in all of the twelfth month on 25 December. According to Santiment, the protocol's social dominance reached 20.28% on the day.

Uniswap price analysis successfully retraced to $5.19 after touching $5.0 yesterday UNI/USD is currently in the range of $5.39 and $5.0 If the bulls take over, it can easily break above $5.

The entire crypto market's price action over the last few days didn't exactly align with investors' interest. Most cryptocurrencies didn't manage to register an uptick, and Uniswap [UNI] wasn't any different.