Uniswap's price has been on a decline and a death cross pattern suggests the potential for further losses. The token has lost market share in the decentralized exchange industry and has been overtaken by PancakeSwap and Raydium. The recently launched Unichain mainnet has had a slow start but aims to become the primary network for user transactions. Despite these challenges, Uniswap remains the most profitable player in the DEX industry. The decline in UNI token balances on centralized exchanges suggests increased investor confidence. The token's daily chart shows a bearish continuation signal and a bearish flag pattern, with the next key support level to watch at $7. However, if UNI rises above the 200-day moving average at $11.20, the bearish outlook would be invalidated.



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