A 20% drop? Here’s where Uniswap [UNI] stands ahead of v4 upgrade! – BitRss

• On-chain metrics revealed that exchanges have seen UNI ($12.12) inflows worth $10.20 million
• UNI, at press time, was still trading above the 200 EMA

Amid the wider market’s general volatility, UNI, the native token of Uniswap, the world’s leading decentralized exchange, may be poised for a significant price decline. This, due to the fact that its price action formed bearish price patterns on the daily charts. 

Uniswap (UNI) technical analysis and price action

According to AMBCrypto’s analysis, UNI recently failed to maintain its crucial support level of $12.50 – A price level it had held for the last three months. During this period, the token retested this level more than four times, each time registering some upward momentum.