Uniswap (UNI) Leads The Top Weekly Losers
The Uniswap cryptocurrency has seen a significant drop, declining by 14.19% and becoming the top underperformer this week. At the time of writing, the UNI crypto was trading close to $9.76 recording a swift intraday loss of 1.06%.
Moreover, the daily chart suggests that the crypto is on a three day losing streak, slipping below the key $10 mark. The short-term trend outlook is sideways and indecisive, with the price oscillating between $11 and $8 range.
Recently, the price has reversed its course from the higher boundary of the range and might show more declines until it hits near the lower boundary of $8 level. A definitive trend direction is likely to emerge only after a breakout from the range formed.
The Uniswap cryptocurrency has seen a significant drop, declining by 14.19% and becoming the top underperformer this week. At the time of writing, the UNI crypto was trading close to $9.76 recording a swift intraday loss of 1.06%.
Moreover, the daily chart suggests that the crypto is on a three day losing streak, slipping below the key $10 mark. The short-term trend outlook is sideways and indecisive, with the price oscillating between $11 and $8 range.
Recently, the price has reversed its course from the higher boundary of the range and might show more declines until it hits near the lower boundary of $8 level. A definitive trend direction is likely to emerge only after a breakout from the range formed.