UNI Technical Analysis: Uniswap Continues To Gain Bearish Momentum

The UNI technical analysis indicates the token is gaining bearish momentum due to a persistent breakdown rally, as RSI struggles to stay above the oversold boundary, with prices below the 200-day SMA. Since Uniswap (UNI) hit its 6-month low of $4.88 on November 10, it has been consolidating between the range of $6.50 and $5.33, but it has failed to maintain the recovery rally and lost more than 7% in the last 24 hours. A 7.60% drop in the market cap of UNI which slid to $4.44 billion in the last 24 hours also supports the breakdown rally in the The post UNI Technical Analysis: Uniswap Continues To Gain Bearish Momentum appeared first on Cryptoknowmics-Crypto News and Media Platform .