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June 11, 2023
Uniswap is on a 12 day downtrend Today is looking a bit better: Uniswap is now trading at $4.09 after tracing out a steady $4.03 – $4.09 range today.
Japanese candlestick formations show 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Uniswap's notable support and resistance levels: Uniswap is approaching key support, around 4 cents away from $4.05. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Other markets show mixed performance as FTX Token leaps up 9.54% to trade around $1.36. Having closed the previous session at $0.612, MaticNetwork USD is up 7.11% today to currently trade at around $0.656.
On an upward trend for about 3 months now. Uniswap hit a significant low of $0 around 3 months ago, but has since recovered 1,696,900%.
