Uniswap cryptocurrency recently reversed down from the key resistance area located between the round resistance level 6.000 (which stopped the previous sharp downward impulse wave (iii) at the end of April), 20-day moving average and the 50% Fibonacci correction of the previous downward impulse (v) from the start of May. The downward reversal from this resistance area started the active short-term impulse wave 3.
Given the strong daily downtrend and the continuation of the bearish sentiment seen across the cryptocurrency markets today- Uniswap cryptocurrency can be expected to fall further toward the next key support level 5.0000 (which has been reversing the price from the start of this month).
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