Uniswap’s UNI token has increased by 11.7% to $6.70 following a significant selloff, as traders defend key support levels despite regulatory warnings from the SEC. Buyers have stepped in at crucial technical levels, indicating a strong interest in the token. The recent price movement comes amid ongoing concerns regarding regulatory scrutiny from the SEC, which has cast uncertainty over the cryptocurrency market. Despite these challenges, traders appear optimistic, using the current price dip as an opportunity to buy. The market’s reaction highlights the resilience of UNI token holders, who are actively supporting the asset in the face of potential regulatory hurdles.
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