Uniswap's UNI token price is consolidating around $5.50, showing signs of stabilization after a prolonged downtrend. Although the price remains below key moving averages, on-chain trading activity remains active, with Uniswap v3 generating approximately $6.1 million in trading fee income over the past week. Technical indicators suggest selling pressure is easing, and breaking through the resistance zone of $5.80 to $6.00 could signal a potential short-term trend reversal.
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Uniswap's UNI token price is consolidating around $5.50, showing signs of stabilization after a prolonged downtrend. Although the price remains below key moving averages, on-chain trading activity remains active, with Uniswap v3 generating approximately $6.1 million in trading fee income over the past week. Technical indicators suggest selling pressure is easing, and breaking through the resistance zone of $5.80 to $6.00 could signal a potential short-term trend reversal.