Uniswap, a decentralized exchange (DEX), is facing challenges as its price remains below $10 and struggles to recover recent losses. The launch of its V4 upgrade has been slow, with only 0.01% of Uniswap's volume share coming from V4. This lack of enthusiasm and adoption for V4 has raised doubts about the upgrade's use case and put downward pressure on the token price. The Relative Strength Index (RSI) indicates weak bullish momentum, suggesting further challenges for Uniswap's recovery. The broader market cues and slow V4 adoption have hindered Uniswap's ability to regain momentum, and the price may remain range-bound between $10.06 and $8.76. If V4 adoption speeds up, Uniswap may break through resistance at $10.06 and rise towards $11.96, potentially changing the current bearish outlook.



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