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Uniswap dropped in the short term and now is located at 6.035. The downside pressure is high as Bitcoin turned to the downside as well. Still, a larger drop needs confirmation even if the price action signaled exhausted buyers.
It has dropped by 8.79% from yesterday's high of 6.562 to today's low of 5.985. The altcoin is down by 1.66% in the last 24 hours.
As you can see on the H1 chart, the rate failed to reach the former high of 6.598 and it has registered only a false breakout through the channel's upside line.
Now, it has dropped below the minor uptrend line and it challenges the 6.071 - 6.002 support zone.
Dropping and closing below 6.002 activates more declines and brings us new selling opportunities.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
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