Uniswap (UNI) Price Action

Despite increased selling pressure, the Uniswap price has jumped approximately 2% within the past day and over 5% during the last seven days. Moreover, this altcoin has been trading in a consolidated range between $5.350 and $6.920 since the month started, suggesting a weak bullpower.

The Relative Strength Index (RSI) has displayed a constant rise toward the neutral point, indicating increased buying pressure for the UNI coin in the crypto space. Further, with a bullish action in its average trendline, it highlights a positive outlook in the coming time.

Maintaining the price above its resistance level of $6.920 will set the stage for the Uniswap price to test its upper high of $8.40. However, if the bears regain power, this altcoin will retest its low of $2.350 this month.$UNI