Uniswap's bulls defended the key support level of $4.87 and rallied back above the $5.21 resistance, but the general market correction forced the price back to the support level again. Recent price action on UNI signaled that bulls could be looking to use the defense of the support zone as a springboard for a bullish rebound. The on-chart indicators hinted at the possibility of a bullish rebound and an increase in volume and buying pressure could see bulls target the $5.21 and $5.72 resistance levels in the short term.The writer's opinion is presented and it is not financial, investment, trading, or other types of advice.