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Uniswap Price Analysis: Bullish Trend Emerging as UNI/USD Retraces Above $5.00 Level

Uniswap's price analysis indicates a bullish trend as the crypto asset has risen above the $5.00 level. The market sentiment is shifting as buyers attempt to push the UNI/USD pair higher. The bulls have been in control since UNI set the support level at $5.04. The UNI/USD pair is currently trading at $5.09, marking a 1.01% increase over the past 24 hours. The technical indicators suggest that the bulls are still in control of the market, but a pullback towards the $5.04 support level is likely if the sellers gain control.

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