Uniswap (UNI) Has Shown Minimal Growth

During December 2023, the UNI token has shown minimal growth. Despite reaching a yearly high of $7.07, UNI's market behavior largely reflects Bitcoin's trends.

The asset is currently fluctuating within a sideways range, with support at $5.9 and resistance at $6.4. If buyers maintain momentum, Uniswap's price could potentially retest the resistance zone of $6.70-$7.07 and aim for a new high. However, future movements will hinge on Bitcoin's trajectory.

A deeper correction could see UNI drop to buying zones at $5.27-$5.62, $4.63-$5.00, and down to $4.45, creating opportunities for accumulating long positions in anticipation of a possible upswing.