• Some technical indicators supported UNI’s bullish narrative.
  • Whales were still bearish on the token, as exemplified by their lower long exposure.

Decentralized exchange (DEX) coin Uniswap [UNI] has been rather quiet in recent days, recording an insignificant 0.86% growth over the last week, according to CoinMarketCap.

The token’s unimpressive gains kept traders away as the daily trading volume fell sharply since the beginning of the month, AMBCrypto noted using Santiment’s data.

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Author: Aniket Verma

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