Uniswap [UNI] defends $4.95, but bulls are slowly losing ground. Here’s why… Uniswap [UNI] did not have a bullish bias at the time of writing. The bulls had valiantly defended the $5 support level. It was a significant level from the psychological perspective as well. Since the sellers had the upper hand, traders could look for opportunities to follow the larger trend. A move upward into the $5.3 region could offer one such opportunity. The market structure on the 12-hour chart was firmly bearish for Uniswap. This showed that traders can look for shorting opportunities. The past 10 days have seen low volume traded, but the On-Balance Volume (OBV) showed that even then, the sellers were the dominant force. Full Article: <a rel="noreferrer nofollow noopener" href="https://ambcrypto.com/uniswap-uni-defends-4-95-but-bulls-are-slowly-losing-ground-heres-why/" target="_blank">https://ambcrypto.com/uniswap-uni-defends-4-95-but-bulls-are-slowly-losing-ground-heres-why/</a>