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Uniswap (UNI) Slides 6% as Technical Indicators Flash Bearish Signals

  • Uniswap (UNI) price dipped 6.39% to $6.88, lowering its market cap to $4.32B.
  • Trading volume surged by 15.74% to $605.71M, indicating increased activity.
  • UNI faced a sharp retreat, declining by 7.12% within 24 hours.
  • It is struggling between key support at $6.69 and resistance at $7.13.
  • RSI at 48.81 suggests weakening strength and a potential downtrend continuation.
  • The Chaikin Money Flow at 0.04 reflects subdued capital inflows.
  • No moving average crossover indicates an ongoing consolidation phase for UNI.
  • UNI's circulating supply is 628.73 million tokens out of a total cap of 1 billion.
  • The article discusses UNI's technical indicators and trading levels.
  • The potential for a breakout above $7.13 could trigger a corrective wave to $7.58.
  • The article also mentions a broader descending pattern UNI is currently in.
  • Market participants are advised to monitor the $6.69 and $7.13 levels closely for potential price moves.

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