Uniswap (UNI) has surged in the social dominance department, peaking on December 25 at 20.46%. Uniswap is seen to win the popular vote as it topples other cryptocurrencies in the social arena.<\/p>\n
Here\u2019s a quick look at how it is performing:<\/p>\n
UNI price drops 1.26%
\nUniswap critical support spotted at $5.09
\nUNI dominates the crypto space in terms of social dominance<\/p>\n
On the other hand, UNI still looks bearish, which could linger on for quite some time.\u00a0According to data<\/a> by CoinMarketCap, UNI price was trading at $5.07, down 5.2% in the last seven days.<\/p>\n\n The price<\/a> could even slide further down if the coin fails to hold on to its current support level.<\/p>\n The MACD histogram has fallen below zero, which indicates an increase in the amount of pressure being exerted by sellers.<\/p>\n Uniswap\u2019s technical indicators show that sellers are more aggressive than buyers in the coming days.<\/p>\n Uniswap, with the daily trading session, hinted at the formation of a descending triangle pattern. It also demonstrates a long-term bearish trend considering that the price dangles within the 100 and 200 SMA.<\/p>\n\n The upper Bollinger Band sits at $5.25, while the lower Bollinger Band is currently at $5.32, which suggests a bearish trend for Uniswap. This market pattern is seen to continue for an extended period.<\/p>\n\n On the brighter side, Uniswap\u2019s price may increase once it successfully breaches the $5.4 level. However, if the coin barrels past the key support level, it could aggravate the losses.<\/p>\n Now, in order to reverse the negative sentiment, the bulls should maintain the support level and push the prices way up.<\/p>\n In terms of social dominance and volume, UNI sits at 6,902 crests, which means that search volume has increased among the traders.<\/p>\n Traders now see the spike in social dominance as an opportunity to rake in profit from UNI. In fact, Binance funding has increased by 0.009%. However, despite the spike in investor interest, Uniswap still needs to increase in value.<\/p>\n In November, Uniswap rolled out an NFT aggregator<\/a> as the market was bullish then. However, the tide has turned, and UNI NFTs did not seem to tickle the fancy of many investors as NFT trades have plummeted to only $7,562.<\/p>\n While UNI is dominating social volume and dominance, this might not go on for long, as the social volume and price seem to plunge further in the coming days.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Uniswap (UNI) has surged in the social dominance department, peaking on December 25 at 20.46%. Uniswap is seen to win the popular vote as it topples other cryptocurrencies in the social arena.<\/p>\n Here\u2019s a quick look at how it is performing:<\/p>\n UNI price drops 1.26% On the other hand, UNI still looks bearish, which could linger on for quite some time.\u00a0According to data<\/a> by CoinMarketCap, UNI price was trading at $5.07, down 5.2% in the last seven days.<\/p>\nUNI Technical Indicators: Seller Aggressiveness<\/strong><\/h2>\n
UNI Search Volume Among Traders Climb<\/strong><\/h2>\n
\nUniswap critical support spotted at $5.09
\nUNI dominates the crypto space in terms of social dominance<\/p>\n