Uniswap's recent price rally has lost momentum as it struggles to break above the $11.51 Fibonacci level.
The token's weekly Relative Strength Index (RSI) has risen to around 73, indicating that it may be overbought and due for a correction.
An analysis of technical indicators suggests that Uniswap could decline toward $7.83 over the coming weeks, representing a 15% drop from its current price.
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