Uniswap price is currently at 5.92 USD after gaining 12.8% this week. A notable transfer of 9 million UNI, valued at 53.91 million USD, has been made to Coinbase Prime, indicating potential for market volatility. Traders are advised to stay cautious.
With resistance identified at the 50-day EMA around 6.28 USD, UNI may face challenges. The Relative Strength Index shows fading bullish momentum, suggesting a possible bearish shift if it falls below neutral levels. Close monitoring is essential for future price movements.
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