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The researchers found that "90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually."

Uniswap price analysis shows a downtrend today as UNI/USD  price consolidates $6.89.The market is expected to see lower prices as the bearish pressure continues. Price has currently set a new support level at $6.73 while it faces resistance at the $7.10 mark, which is just above the current market price.

About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection.

Blockchain technology has proven to be extremely disruptive and empowering in both the public and private computer application industries. However, the most recent Uniswap data illustrates that crypto investors have been slammed by a wave of rug pulls.

The Uniswap decentralized exchange experienced an increase in demand and utility in the last seven days. A reasonable outcome since the market moved from a previously low volume period earlier in October to a high volume phase towards end-month.

Uniswap (UNI) is in a sideways trend as buyers hold the price above the moving average lines. The altcoin is trying to retest the resistance at $7.00. Buyer penetration is a challenge at the $7.00 resistance level.

Uniswap v3 introduced the Time-Weighted Average Price (TWAP) oracles to provide solutions to protocol development on Ethereum.

Uniswap price analysis predicts an increasing trend for cryptocurrency today. Although the price was facing bearish resistance earlier, the bulls have managed to bring the price to $6.97 in the last 24 hours.

Recent Uniswap price analysis shows a bearish swing in the market resulting in UNI correcting down to $6.64. A decrease in price levels has been observed in the last 24 hours as well, which is quite discouraging for the buyers.

Alongside the broader market's bearish sentiment, DeFi tokens have posted significant losses over the past 24 hours.

Uniswap price has been able to break past the consolidation phase. Over the last 24 hours, the altcoin has moved up by more than 4%.

Uniswap price analysis reveals that the UNI/USD pair has started to gain bullish momentum after a period of consolidation at around the $7.00 level. The daily chart shows that the price has broken out of a descending triangle pattern and is currently trading at $7.07.

UNI's price shows the first sign of bounce after forming a bullish pattern as the price gets rejected into a range channel.  UNI bounced off its downtrend movement as the price broke its resistance of $6.8 but failed to hold this region.

The cryptocurrency industry is ripe with prospects, especially now that multiple token divisions are starting to emerge. Encompassing everything from GameFi, the virtual reality space (Metaverse), meme tokens, DeFi, and more to confidentiality and anonymity.

Uniswap (UNI) falls back to the low of $5.71 and continues its sideways movement. Since the price collapse on August 28, UNI/USD has fluctuated between $5.50 and $7.00. It is difficult for buyers to overcome the resistance at $7.00.

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. UNI found rebounding grounds as it strived to prevent an extended up-channel breakout loss.

Quant ended a streak of three consecutive declines on Friday, as prices rebounded following recent losses. The move saw the token bounce towards its recent resistance level of $180.00. Uniswap, on the other hand, remained in the red, falling below a key support point in the process.

Crypto price today Oct 21st: In correlation with the global market, the crypto space witnessed intense selling pressure in the last few days. Thus sudden sell-off plummets the majority of crypto coins to their crucial support.

Majority of altcoin traders are now shorting more than longing

Uniswap price analysis is bearish as the cryptocurrency has experienced a fluctuating movement in the past few days. Bulls are trying to engulf the market as all their efforts are in vain, and the coin value fell from $6.52 and capped at $5.

Several DeFi tokens, including Sushi, Uniswap, and Synthetix, posted significant losses over the past 24 hours.

Uniswap is among the poorest performers on a 24-hour scale, perhaps fueled by the misunderstandings with Binance.

On 18 October, the world's largest centralized crypto exchange by volume Binance, delegated 13.2 million UNI tokens to its own wallet on Uniswap, granting it the power to propose governance votes on decisions affecting the protocol. The amount of UNI tokens delegated represents 5.

CryptoCompare, the leading institutional digital asset data provider and FCA-authorized benchmark administrator, has launched its updated Exchange Benchmark, which now also assesses the risk associated with decentralized exchanges (DEXs).