Uniswap investors are disappointed while waiting for the price to exceed $ 10. Uniswap, one of the leaders in the field of decentralized stock market (Dex), tried to recover in recent weeks, but this critical threshold has not passed. In particular, low interest in version V4 increases the pressure on the price. So what’s next for UNI?
Uniswap V4 did not see the expected attention
Uniswap’s v4 version of the community with great hopes, did not see the expected interest. Users are very cautious about V4 compared to previous versions. Currently, the share of V4 in total UNISWAP process volume is only 0.01 %. However, the V3 and V2 had reached 40 %and 20 %of shares, respectively within 12 days after being released.
This causes question marks about the usage areas of V4. Users are not willing to leave the more established and reliable V3. This lack of attention creates downward pressure on the uni token price. Technical indicators also support this negative appearance.
Technical indicators point to the fall for Uniswap
Uniswap’s price movement seems weak when we look at the relative power index (RSI). The RSI is watching under the neutral area and it is difficult to go above 50 levels. Although there is a slight rise signal, this is not enough for a strong recovery.
In addition, market conditions do not support Uniswap. A general uncertainty in the crypto currency market and the weak V4 adaptation of UNI makes this even worse. Unless the price does not exceed the level of $ 10, investor will continue to decrease.
What happens if it cannot hold for $ 10?
Currently, UNI is trading at $ 9.65 and cannot break the resistance of $ 10.06. If the buyers do not gain strength, the price of UNI may be trapped between 10.06 and $ 8.76 for a while. This indicates a possible process of uncertainty for investors. However, if its UNI loses $ 8.76 dollars, the price may rapidly drop to $ 8.23. This can increase the losses of investors. On the other hand, if the adoption of UNISWAP V4 accelerates, it can break the Un of the Union $ 10.06 and turn it into support. If this happens, an increase can be seen up to $ 11.96.
The coming days will be critical for UNISWAP. If the V4 adaptation does not accelerate, the FLC may continue to decline. However, if the market conditions change and the investor interest increases, Uniswap can start a new rally!
