Uniswap is on a 5 day bullish run gaining $1.19 (24.92%). This session seems to remain in the same lane for now — overall, Uniswap had a 1.62% move or $0.103 today and is currently trading at $6.47.
UNICORN Token USD made an initial breakout above its 3 day Simple Moving Average at $5.41, a potential indicator of a newly emerging bullish phase. In contrast, Uniswap's upper Bollinger Band® is at $6.72, this is a slight indication of a slowdown. Uniswap could be slowing down soon; it is getting close to the resistance line and is now at $5.42, only $1.05 away. Crossing the resistance line could, however, suggest that further gains are ahead.
According to technical analysis, it looks as if Uniswap likely to continue pointing upward in the short term.
Uniswap shows positive signs, other assets are also on par: Dogecoin is up 4.5% to $0.093. Solana moves up 3.22% to trade around $14.5.
Trading mostly sideways for 5 months. Approximately 10 months ago, Uniswap reached a significant high of $18.46 but has struggled to hold onto its gains and declined 65.49% since then.