Cryptocurrency Uniswap (CRYPTO:UNI) charged sharply higher Thursday, surging by as much as 11.5%. As of 11:42 a.m., the altcoin was still up 11.4% over the past 24 hours. The popular decentralized exchange was deployed on Polygon's (CRYPTO:MATIC) network, expanding its availability to more retail traders.

Uniswap coin price: Uniswap coin is one of the popular coins among crypto investors. This coin ranked at 17 based on coin market capitalization, according to coinmarketcap. The price of the coin has increased by 10.72 percent and the price is $22.22 while writing this article.

One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain.

Uniswap has achieved a lot since its launch and in the last year particularly, however from here on, it might have to adhere to some changes in order to mark an equally remarkable year.

The Uniswap price bounced 30% after tagging our $13 price target, which could provide an attractive selling opportunity.

Uniswap (UNI) started a fresh uptrend on November 26 but now has investors puzzled as both the 55-day and the 200-day Simple Moving Averages (SMA) are forming a cap preventing further upside. The Relative Strength Index (RSI) shows that bulls are being very busy bees with a spike in the RSI back above 50,showing that buyers are pre-positioning themselves for the next rally, which could come as soon as supportive tailwinds emerge, serving as a catalyst for the breakout higher.

The Uniswap price is undergoing a bounce that could propel it closer toward the upper boundary of a technical pattern.

The popular decentralized exchange has deployed on Polygon in a bid to attract more retail traders.

Uniswap price has bounced off a crucial barrier, suggesting an uptrend is likely. This run-up, however, faces a confluence of resistance barriers, revealing that the upside for UNI is capped.

One of the leaders in the DeFi space, Uniswap (UNI) is one of the few cryptos trading in the green on Friday, despite the sluggish price action in Bitcoin and other major digital tokens. At the time of writing, UNI/USD is trading at around $21.84.

Uniswap price has spent the past 17 days trading below the Cloud. However, no solid follow-through to cause a capitulation move has occurred. This could be a warning sign to any short-sellers that a bear-trap may be developing.