Uniswap under the microscope; Does the rise continue or does the bearish market pull UNI down?

However, overall crypto market conditions are still bearish and many analysts believe Bitcoin is eering a long-term bear market; An issue that increases selling pressure in the altcoins market.

Despite this, defending the $5.5 range and maiaining the bullish structure on the daily chart makes UniSwap likely to move towards the $6.65 and $8.25 resistances. On the other hand, a price drop below $5.3 will invalidate this scenario.

Overall, UniSwap could outperform the market, but overall bearish conditions still pose limitations.