Uniswap Price Watch: UNI Registers 16% Rally In Last 7 Days

Uniswap (UNI) token holders have plenty of reasons to celebrate now. Uniswap is among the top gainers among cryptocurrencies, registering a 16.2% price increase over the past week The token is now on a falling channel pattern but is expected to make a bullish run Lowest possible support price for Uniswap is $4.8 The digital asset is one of the biggest gainers not only for the last 24 hours, but for the past seven days. As of this writing, tracking from CoinGecko shows the token is trading at $6.37, enjoying a 12.5% gain in value since same time yesterday and a 16.2% increase for the past week. Unlike the rest of the crypto pack, the Uniswap token seems to be keeping its head above water during this period of uncertainty and volatility for the digital assets space. This seems a rather odd development, considering the token was stuck in a steady decline during the past five weeks. It also makes it a bit difficult to assess whether or not the crypto is under any kind of pressure. Some experts feel it is. Uniswap On A Falling Channel Pattern The five weeks that was mentioned earlier when Uniswap token was on a decline isn’t just a simple “period of red” for the crypto. It was a falling channel pattern which is characterized by a bullish rally following the breaking of the overhead trend line. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? Source: TradingView While the token is enjoying signif...