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UNI crypto price crashed last week, erasing nearly 15% of its value.
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The Uniswap price took a rebound after retracing the 200-Day EMA.
Uniswap crypto performed well on Friday and managed to gain nearly 4% by the end of the session end, recovering the previous day’s losses. However, the overall gains were limited as the recovery was not enough to put the price back in the bullish territory.
Earlier, UNI crypto turned around after peaking near the round level of $8 and dropped sharply. The price fell directly below the 20 and 50-Day EMAs without getting any major support. Thereafter, buyers showed some interest and the price received a short upthrust.
However, the volume inflow was not enough to put the price back on track and slumped again. The bears seeing the price in a discounted zone made an aggressive short position which dragged the price near the 200-Day EMA.
At the time of writing, the Uniswap crypto was at $5.90 with an intraday
We współpracy z: https://www.thecoinrepublic.com/2024/01/27/uniswap-crypto-retraces-200-day-ema-bearish-days-started-for-uni/
