Uniswap’s retail demand returns after 2 weeks of losses: Can UNI defend $6.80?
Photo: AMBCrypto
After two weeks of consistent losses, Uniswap's [UNI] retail traders are starting to flock to the network. At the same time, outflows from the exchanges have tripled to 6.5K UNI over the last 24 hours. All the above positive development comes at a crucial time, occurring while the token is testing an area of demand at around $6.80. The bullish pressure from the increasing retail traders is already starting to show on the daily chart. The token’s price action is positively reacting to the demand. As a result, Uniswap's prices are gaining some bullish momentum.
Source: AMBCrypto
