"Uniswap (UNI) Tanks" Will the bulls step up to the plate as the bears take control?

The coin is going sideways on the price chart provided by Uniswap (UNI). The price fell to $5.30 as the market began, where UNI encountered little resistance.

Although selling pressure is quite intense, bulls are attempting to regain control. After sharp crashes were seen in the chart on April 19, 2023, the coin began to exhibit bearish momentum. The bearish trend has maintained as of today, May 2.

Price Trend for UNI in April

In April, Uniswap opened at $6.0603 and traded around that price at the beginning of the next day before experiencing a decline to $5.9461 at the market's closing time. Fortunately, on April 4, UNI regained control above $6.

From April 4 to 7, UNI's price remained constant until dropping to $5.9191 on April 8. Thank goodness, the price drop only lasted for 5 days. UNI increased above $6 at the market's close on April 13.

Up until April 20, when it lost control and dropped below the $5 price range, it stayed there until today, May 2.


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