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Uniswap: New Crypto Developments Lift UNI Price Up by 17% – Details

  • Uniswap token (UNI) has witnessed a 17% increase in price due to recent developments.
  • Uniswap announced the launch of Unichain, a new layer 2 solution with faster block times and cross-chain interoperability.
  • Unichain aims to support Ethereum's scaling and reduce transaction fees, with faster transaction times of 1-second block times.
  • Despite the price increase, UNI faces resistance at $8.186, and the token's RSI suggests a potential drop below $7.518.

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