Uniswap (UNI) surged by nearly 5% on Friday, extending its recovery for a third consecutive session as the decentralized exchange (DEX) continues to benefit from rising on-chain activity and growing trader confidence. The token remains comfortably above its 50-day Exponential Moving Average (EMA), while increasing stablecoin trading volume and stronger derivatives activity point to improving market sentiment. However, bulls still need to overcome key technical resistance near the 200-day EMA before a larger rally can unfold. Uniswap leads stablecoin trading across DeFi Uniswap continues to strengthen its position as the leading decentralized exchange for stablecoin trading.
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