Uniswap Price Dips as Weak Flows and Bearish Trend Persist

2 weeks ago 12

Rommie Analytics

  • Uniswap price fell below $3.40 after an early rebound faded.
  • UNI spot flows stayed slightly negative, with the latest reading at negative.
  • Technical analysis shows UNI price still trading in a downtrend despite short-lived rebounds.

During today’s Asian trading session, Uniswap’s price opened at $3.49. This price did not hold for long, as a dip followed, reducing the weekly gains. This movement has raised questions about the potential price targets that will follow next. 

Uniswap Price Slips to $3.39

According to CoinMarketCap data at the time of press, Uniswap price traded at $3.39, recording a 1.1% decline over the past 24 hours. Price started near the $3.44 area and slipped briefly before recovering into a stronger upward stretch. That rebound carried UNI above $3.50 and later pushed it toward the session high near $3.57.

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