**Uniswap Faces Bearish Sentiment Amid Market Downturn**

Uniswap (UNI) has experienced a significant decline, losing 3.59% against the US Dollar in the past 24 hours. The cryptocurrency also underperformed against Bitcoin, with a 3.40% decrease. Currently trading at $6.69, UNI is 13.16% below its predicted value for October 7, 2024.

Despite a 52.97% increase over the past year, the medium-term trend remains bearish, with a 15.06% drop in the last three months. The Fear & Greed Index stands at 42, indicating prevailing market fear. Key support levels to watch are $6.59, $6.26, and $5.64, while resistance levels are $7.55, $8.17, and $8.50.

Overall, the market sentiment for Uniswap is bearish, with 67% of indicators signaling a negative outlook.