Why This Signal Means Uniswap's Bear Run Is Almost Over

The price of Uniswap, the largest decentralized exchange by trading volume, is down roughly 35% from Q1 2023 peaks. Even so, on-chain data from Etherscan shows that there has been a steady increase in the number of UNI holders in the past two days.

Timeline of Uniswap

According to the Uniswap price analysis, the bearish momentum is gaining further speed. Over the past week, there has been a notable downturn in price, and this downward trend persists today.

The Uniswap price analysis shows that bears have struggled to maintain dominance, resulting in a low price trend over the past two days. After peaking at $5.33, selling pressure emerged, leading to a downtrend.

Uniswap Labs, a leading decentralized finance (DeFi) platform, has recently conducted a survey to understand the motivations and barriers of US-based retail users towards DeFi. The survey received 1,860 responses, including non-crypto, centralized finance (CeFi), and DeFi users.

Three Uniswap governance members proposed deploying Uniswap v3 to Coinbase's layer 2 network Base on May 17. Aiming for day one launch Those governance members — she256, Michigan Blockchain 1, and GFX Labs 3 — collectively announced the proposal on Uniswap's forums.

The most recent Uniswap price analysis indicates that the token has been consolidating around $5.10 after a bearish run in the past few hours. UNI/USD was in an uptrend at the start of the day but has since declined sharply as bears took control of the market.

Brazilian retailer Americanas SA , which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to prospect parties interested in buying its stake in Grupo Uni.co.

A significant price increase has been observed today, and the Uniswap price analysis shows a strong bullish trend. According to the most recent update, buyers are winning since they are dominating the market.

Uniswap price analysis shows a strong bullish comeback for UNI/USD after it reached a weekly low of the $4.91 mark. Since then, the pair has gained more than 0.10 percent in value and is currently trading above the $5.08 level.

Uniswap price analysis reveals that the market is following a negative trend below the $6 mark and is likely to remain today May 13, 2023. On May 11, 2023, the UNI/USD pairing displayed considerable upward momentum, with a significant price surge from $4.9 to $5.2.

Uniswap developers get Ethereum Foundation's grants for their work related to Account Abstraction. Despite new developments made by developers and increasing activity, overall user retention continues to decline.