Uniswap Tests Six-Month Lows as Governance Concerns Mount, RSI Signals Oversold Territory
Uniswap’s UNI token hits six-month lows as governance issues arise, RSI signals oversold conditions. Market structure shifts downward with whale sell-offs, sparking a 14.7% weekly drop. Despite the decline, trading volumes surge, hinting at accumulation. Traders ponder if UNI has found a bottom or faces further losses due to governance concerns.