The post Could Uniswap (UNI) Experience a Price Resurgence Amid Recent Market Challenges? appeared on BitcoinEthereumNews.com.

Uniswap’s native token, UNI, has faced a downward trend recently, but early indicators suggest a potential shift in its momentum. With an influx of capital worth $10.20 million into exchanges, the trading landscape for UNI appears poised for critical action. “Despite recent bearish sentiment, UNI’s performance above the 200 EMA indicates underlying strength,” says a COINOTAG market analyst. Explore the latest insights on Uniswap (UNI) amidst recent price volatility and significant exchanges inflows. Will the upcoming upgrade change the tide? Uniswap (UNI) Technical Analysis: Navigating Recent Market Trends Uniswap (UNI) has recently encountered challenges maintaining its crucial support level of $12.50, which it had successfully held for over three months. According to COINOTAG’s analysis, this support was tested multiple times, each effort briefly bolstering upward momentum. However, following the breach of this level, the market sentiment surrounding UNI has since deteriorated significantly. Source: TradingView Looking at recent trends, there’s a strong likelihood of UNI declining by approximately 20%, potentially reaching the psychological level of $9.50. Nevertheless, it is noteworthy that UNI continues to trade above its 200 Exponential Moving Average (EMA), indicating that it remains in a broader uptrend despite recent price drops. Analyzing $10.20 Million in UNI Inflows: A Warning Sign? Recent data from Coinglass highlights a concerning shift in investor behavior, as exchanges experienced total UNI inflows of $10.20 million within just 24 hours. This surge in inflows could signify an impending wave of selling pressure, which typically leads to further declines in asset prices. The implication of such inflows suggests that both new and long-term investors are potentially liquidating their holdings at current price levels. This trend raises alarms about the future trajectory of UNI amid broader market volatility. Upcoming Uniswap Upgrades: A Potential Game Changer? Interestingly, this bearish sentiment for UNI coincides with the impending launch…

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Filed under: News - @ January 26, 2025 2:18 am