Uniswap in Massive Fall, May Find Support Above $15

[Cz Rock]

Uniswap (UNI) has dropped massively to as low as $15 on May 19. Nevertheless, the bulls bought the dips as price corrected upward. The upward correction was stalled at the $28 high.

Today, the downtrend has continued as the altcoin declines to the previous low at $15. On the downside, if the support at $15 holds, the altcoin is likely to be range-bound between $15 and $28. Perhaps, a rebound above the $15 support will propel price to retest the initial resistance at $28. UNI will resume an upward move if the resistance at $28 is breached. Conversely, if the bears break the current support at $15, UNI will be weakened.

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