Uniswap(UNI) Technical Analysis

Price Analysis:

The price has faced resistance at the $12 level on three occasions, forming a Triple Top pattern. It has since pulled back below the 200-day moving average, around $9.00, which is indicative of a downtrend We will monitor for the price to reclaim these critical levels as an indication of a potential uptrend resumption and have set a price alert accordingly with the current rate of 8.053$

Position:

Uniswap,being the largest decentralized exchange (DEX), has significantly benefited from the growing preference for decentralized exchanges and non-custodial trading solutions, as evidenced by on-chain data