Uniswap price Analysis: Downward pressure persists, targets $13

The Uniswap price has been decreasing since Tuesday and, according to forecasts, may reach a minimum by Friday, which is comparable to the situation in July and the minimum prices of this month. 

Uniswap (UNI) is currently at the level of $19.80 (-2.20%), these figures are 20% lower than in November, and almost 60% of the highest prices. 

Uniswap (UNI) is trading at $19.80 (-2.20%), which is more than 20% less than in November and almost 60% below the record high. The indicators of the market capitalization of the decentralized exchange (DEX) decreased to $ 12.5 billion, these indicators reduced Uniswap to 18th place in the rating of the value of the cryptocurrency, before Polygon. 

Many cryptosystems are currently reaching their new highs, Uniswap has been failing since May. Even despite the September ban on mining in China, Uniswap did not help to take a stable position. Because of these events, investors are opting for more promising currencies and investments in the Metaverse. According to the latest data, about half of the users and liquidity providers of the Uniswap exchange are losing money, which may lead to an increase in the liquidity of the service. 

UNI Price Analysis 

The situation of Uniswap is quite sad. At the moment, the UNI has dropped to the level of $17.60 reached in September. Moreover, if the level drops even lower, then the price spread will already be about $13.00-$16.50. 

If Uniswap rises, then the 200-day moving average at $23.76 may become a serious obstacle. According to preliminary estimates, until the level passes $ 23.76, it is expected only to fall and reach a minimum of about $ 13.00.