Uniswap [UNI] – How real is the likelihood of a new 2022 low

Uniswap's native cryptocurrency UNI is eying its 2022 low courtesy of its downtrend from its March peak. UNI's price action has been correcting since the start of April, with the alt having already undone its March gains.

Timeline of Uniswap

Uniswap price analysis shows a downtrend UNI prices have sought support at the $7.6 mark Uniswap prices have declined by 5.47 percent Uniswap price analysis recently shows a prevailing downtrend as the prices look to break below the $8.0 support level. The digital asset is presently changing hands at $8.22 after losing 5.47.

Uniswap may have bragged about its protocol seizing almost half of Polygon's market share in just three months, but it doesn't change the fact that the UNI token is deep in red territory. Far from a UNI-ted front At press time, UNI was changing hands at $8.45, after slipping by 4.89% in the past day

Uniswap, one of the main decentralized finance exchanges in the cryptocurrency world, is now taking measures to ensure illegal funds cannot be transacted using its platform. The company has already started blocking addresses linked to “blocked activities” and will apply a filter with data provided by TRM Labs, a blockchain analysis firm that focuses on