Uniswap (UNI) edged higher Wednesday as buyers pushed the decentralized exchange token back toward a notable resistance area, delivering relief after recent weakness. The UNI token traded at around $3.60 at the time of writing, with prices up roughly 4% over the past 24 hours. This saw Uniswap rank among the day’s stronger performers, but technical indicators and on-chain metrics suggest the token may still encounter headwinds before reclaiming a clear bullish trajectory. Uniswap notches gains UNI’s intraday advance follows its recovery from this week’s lows around $3.35. The bounce appears to have been aided by a decline in selling pressure, as indicated by CoinMarketCap data, which shows intraday trading volume down by approximately 22%.
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