Uniswap $UNI Price Analysis
Uniswap #UNI has faced consistent downward pressure, breaking below key support levels and its moving averages over the past several sessions. After a slight dip on Saturday (April 26), UNI dropped over 5% on Sunday, closing at $5.50. The bearish momentum continued into Monday and Tuesday, with declines of 1.25% and 2.98%, pushing the price below the 20-day SMA to settle at $5.27.
Wednesday brought increased volatility as buyers and sellers battled for control. However, the bears prevailed once again, with UNI closing slightly lower at $5.26. A brief recovery occurred on Thursday, as the price rose nearly 1% to $5.31, but this was short-lived. UNI slipped back into the red on Friday, falling 1.26% to $5.24.
The downtrend intensified on Saturday with a sharp 3% decline, breaking through key support to close at $5.09. Bearish sentiment persisted into Sunday, with a 1.93% drop pushing UNI below the critical $5 level to $4.99. As of the latest session, UNI is seeing a modest rebound, trading slightly higher at $5.02.
Outlook: The overall trend remains bearish unless UNI can reclaim and hold above the $5.30–$5.50 resistance zone.
