Uniswap’s price is currently 6.69 USD, down from heavy resistance at around 7.68 USD. This consistent drop reflects a broader struggle in the crypto market, exacerbated by profit-taking activities.
Open Interest for Uniswap futures surged from 183.7 million USD to 356.5 million USD in a month, showing significant trader engagement. Nevertheless, a lack of bullish momentum and declining technical signals may threaten to push prices lower.
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