Uniswap Price Loses Momentum, Are The Bears Back?

The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart. Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most of its gains and lost 1.2% of its market value. The Uniswap price technical outlook was bearish, and selling strength was higher, causing the price to drop further on its chart. Although Uniswap tried to move in a different direction than the broader market, the bulls gave up. Bitcoin also lost the $19,000 price mark and is closing in on its immediate support level. For the Uniswap price to revisit the $6 price mark, buyers need to re-enter the market. Although just 48 hours ago the coin displayed a bullish stance, an increase in the number of sellers has invalidated the chance of a bullish revival. The global cryptocurrency market cap today was $958 billion, with a 0.4% negative change in the last 24 hours. Uniswap Price Analysis: One Day Chart UNI was trading at $5.73 at the time of writing. The coin was trading very close to the $6 mark. However, the buyers exited the market. Overhead resistance for Uniswap price stood at $6, and if UNI can move over the $6.40 price level, the altcoin’s upward movement could be anticipated. The nearest support level for the coin stood at $5. A fall from the $5 price mark could push UNI to trade...