Uniswap Technical Analysis: UNI Registers 18% Rally In Last 7 Days

[Coin_Gabbar]

The Uniswap (UNI) token has been one of the best performers not only in the last 24 hours but also in the last seven days.
As of this writing, CoinGabbar data shows that the token is trading at $6.55, up 15.5% in the last 24hrs and up 18.2% in the last week.

Unlike the rest of the crypto pack, the Uniswap token appears to be holding its head above water during this period of uncertainty and volatility in the digital assets industry.

This appears to be an unusual development, given that the token has been steadily declining over the past five weeks.

It also makes it a bit difficult to assess whether or not the cryptocurrency is under any kind of pressure.

Uniswap On A Falling Channel Pattern

The five weeks that were mentioned earlier when the Uniswap token was on the decline are more than simply a "period of red" for the cryptocurrency.

It was a falling channel pattern, which is characterized by a bullish rebound after the overhead trend line was broken.
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