Uniswap Price Continues Bearish Spell, Can It Move Past $6?

Uniswap price is consistently travelling southward on the one-day chart. UNI’s bulls have not been able to break past its immediate support, causing traders to lose confidence.
Over the last 24 hours, Uniswap lost 4% of its value. In the past week, UNI surged 4% on the one-day chart.
The technical outlook of UNI remained mixed with some signals pointing toward the bears taking over the market.
The coin’s current support zone was between $5.60 and $5.00, respectively. The bulls have c