Uniswap Hits Double Top Resistance as Momentum Slows

Uniswap (UNI) is trading near $4 after a 7.3% gain, but faces resistance as its price failed to break through the same level twice.

The double top formation, a bearish reversal signal, has appeared at a key resistance zone, and buyers have had two chances to push higher, with both attempts ending in failure.

A breakdown below the neckline, currently at $4.12, would confirm the pattern and potentially lead to a deeper pullback.

On the other hand, if Uniswap's momentum continues to gain traction, it could climb to test $4.89, with further upside triggering a golden cross.