Uniswap Crypto Rally Hits Resistance Amid Strong Volume

Uniswap's crypto rally has shown signs of resistance despite strong DEX volume. The UNI price gained about 44% in July, reaching a major resistance zone.

The Relative Strength Index (RSI) shows a mild bearish divergence with the UNI price, indicating that the token may face a short-term pullback before another sustained advance.

However, Uniswap retained its lead in weekly DEX trading volume, and the protocol's activity has been boosted by the Robinhood Chain. The chain has facilitated over $10 billion worth of volumes within its ecosystem since its launch.