Ethereum

Uniswap

Bitcoin

Daily

Gains

Uniswap is trading negatively alongside wider crypt assets following a bearish market outlook. The falling prices of digital assets have seen traders and analysts change positions on certain assets as double-digit losses trickle into charts. Last week, Uniswap posted renewed gains tipping signs of a recovery before a fall in the last 48 hours.&nbsp;
The slump in the crypto market is evident in Bitcoin and altcoin losses plunging the market cap to $2.35 trillion, a 1.95% decline in the last 24 hours. Crypto analysts remain at crossroads on the next market direction with altcoins like Uniswap falling sharply amid diverse bullish projections from several quarters.&nbsp;
<h2 id="strong-uniswap-records-12-decline-strong">Uniswap Records 12% Decline&nbsp;</h2>
<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/uniswap/" target="_blank">UNI</a>, the utility token of the decentralized crypto exchange Uniswap is down 12% in the last 24 hours with the asset trading at $9.86. The asset has fallen below the $10 resistance level after surpassing the benchmark last week. Last week, UNI notched gains outpacing other assets in the top 20 by market cap. This surge came on the heels of a wallet linked to <a href="https://coingape.com/ethereum-uni-price-soars-amid-20m-accumulation-rally-to-sustain/" target="_blank" rel="noopener noreferrer nofollow">Amber Group</a> purchasing about $20 million worth of Ethereum and Uniswap.
The asset’s RSI stood at 52.68 with bulls pointing north as sight was locked at $15. However, the price fall has plunged below the former resistance reducing longer-term positives. Weekly figures are at 4% gains monthly inflows dropped slightly to 24%. Daily trading volume is also up to $290 million, a 12% increase.&nbsp;
This has preserved bullish momentum on the asset to spring up with a flip in market sentiments. Although gains can be recorded, double-digit inflow similar to the previous high this week will require renewed whale activity.&nbsp;
<h2 id="span-style-font-weight-400-strong-crypto-assets-to-recover-strong-span">Crypto Assets To Recover?&nbsp;</h2>
Like Uniswap, crypto assets can see a short-term recovery if market sentiments flip. <a href="https://coingape.com/price/bitcoin/#:~:text=Live%20Price%20of%20Bitcoin%20(BTC,trading%20between%20$67192.4427225%20and%20$65294.7894852." target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> slipped below $65,000 taking down the price of other crypto assets today. While the market leader is down 1.2%, Ethereum fell over 2%. Meanwhile, other altcoins and meme coins posted similar numbers as sell-offs continued. A switch in macroeconomic factors and bullish whale activity will spur a change in fortunes for most crypto assets.&nbsp;
Also Read: <a href="https://coingape.com/trending/5-crypto-to-sell-to-avoid-bear-market-losses/" target="_blank" rel="noopener noreferrer nofollow">4 Crypto To Sell To Avoid Bear Market Losses</a>&nbsp;
The post <a href="https://coingape.com/will-uniswap-recover-double-digit-gains-this-week/" rel="noopener noreferrer nofollow">Will Uniswap Recover Double-Digit Gains This Week?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Will Uniswap Recover Double-Digit Gains This Week?

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