The crypto industry was seen in the red at press time. Over the last 48 hours, Bitcoin broke below the $50k mark. Major altcoins have either lost market value or traded in a confined range. Uniswap, despite being bullish, was mainly securing minor gains as the coin was trading between its overhead resistance and local support.
Convex Finance, on the other hand, after noting a surge of buyers, has now eyed the psychological price ceiling of $50. Over the last week, CVX Finance appreciated by a whopping 28.7%.
Uniswap/USD Four Hour Chart

Uniswap was trading for $18.21 at the time of writing, and over the past day, it rose by a minor 1.7%. The coin mainly was exhibiting tight trading as the immediate resistance stood at $18.82 while the support level stood at $15.14.
The altcoin had regained strength in the past few days. However, as the broader market strength declined, the coin was back trading sideways. Uniswap had also formed a rounding bottom throughout December, going by which the

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