The native token of decentralized exchange Uniswap, UNI, has failed to maintain a crucial support level and is expected to experience a price drop. Investors and holders have been offloading their UNI holdings, as indicated by a $5 million inflow to exchanges in the past 24 hours. Technical analysis suggests that UNI could drop by 22% to reach its next support level at $9.55. However, UNI is still trading above the 200 Exponential Moving Average on the daily time frame, indicating it remains in an uptrend. The price of UNI has dropped over 7.90% in the past 24 hours, and trading volume has declined by 29%.



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