Why is $UNI Coin Declining?
#UNI , the token of Uniswap, has been struggling to break past the $10 mark. Here’s why:
Slow Adoption of Uniswap V4 – The latest upgrade (V4) has seen very little adoption, capturing only 0.01% of Uniswap's total trading volume. In contrast, previous versions (V2 & V3) gained 20-40% market share within days.
Bearish Market Signals – UNI’s price has formed a death cross, a technical pattern that often signals a downtrend. It has also fallen below a key support level (61.8% Fibonacci), making recovery uncertain.
Market Sentiment – Investors are cautious due to overall crypto market conditions and UNI’s inability to sustain upward momentum.
🔍 What’s Next? – UNI needs stronger demand and wider adoption of V4 to regain its bullish momentum. Until then, the market remains uncertain.
📌 Disclaimer: This is for educational purposes only, not financial advice. Always do your own research before investing.
