Uniswap cryptocurrency trades up $0.575, approximately 12.14% higher this afternoon

Uniswap got off to a strong start by gaining $0.575 (+12.14%), only to run out of steam later in the session around $5.46. Currently, Uniswap is trading around the $5.31 level.

UNICORN Token USD made an initial breakout above its 50 day Simple Moving Average at $4.87, a potential indicator of a newly emerging bullish phase. Uniswap has just crossed its upper Bollinger Band® at $5.14, suggesting further gains could be on the cards. Despite this, Uniswap reversed direction at $5.11 resistance zone and retreated back 20 cents below it.

Overall, looking at the technical analysis landscape, it seems Uniswap might continue pointing upwards in the short term.

Other markets are also showing gains as FTX Token is up 9.54%. Having closed the previous session at $0.133, Algorand USD is up 4.06% today to currently trade at around $0.138.

Meanwhile, Bitcoin Cash tumbles 11.36% to trade around $189.96.

Trending positively for about 4 months. Uniswap is now trading 1,972,949% above the significant low ($0) it slumped to 4 months ago.