Uniswap Decline Begins After $12.3 Barrier

Uniswap Bears Regain Control as $12.3 Resistance Holds

• Uniswap failed to break the $12.3 resistance level, triggering a decline.
• The $12.3 level acted as a take-profit zone for traders, increasing selling pressure.
• Uniswap is trading below the 100-day Simple Moving Average (SMA), indicating bearish sentiment.
• The Relative Strength Index (RSI) is declining, suggesting growing selling pressure.
• Key support levels are at $10.3, $8.7, and potentially $6.7 if declines continue.

Uniswap’s inability to surpass the $12.3 resistance highlights increased bearish momentum, with crucial support levels at $10.3 and below being monitored for stabilization potential.