The last 24 hours’ fall broke the little uptrend Uniswap had achieved and brought its price down to $23.26. Since the coin at press time was $1.1 away from reaching the support level. MACD indicator displayed clear signs of a bearish crossover as the blue indicator line fell below the red signal line.
Bollinger Bands significantly diverged at the time of writing, exhibiting incoming volatility. Although under the 25.0 mark, the Average Directional Index (ADX) could be seen rising, and if the indicator moves past the neutral line, the downtrend could pick up the pace.
If UNI makes a recovery soon, it will keep under $29.93 resistance level. Should the coin fall through the active support level, the next support will be established at $18.63
