Uniswap: Watch for consolidation before committing
I see Uniswap trading at $11.03, down 8.4% intraday and roughly 75% below its all-time high. The token remains a top-35 crypto by market cap, but price action shows clear downside pressure.
On-chain utility and DEX volumes are the keys to any sustainable recovery; without a meaningful uptick in protocol usage or token economics changes, UNI looks rangebound and susceptible to further drawdowns.
I’m watching for consolidation and volume-based signs of accumulation before committing fresh capital — smaller, staged entries on confirmed support make more sense than a full allocation now.
Analysis
Recommendation
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.