Uniswap Price Rebound Fades Amid Continued Selling Pressure

Uniswap's price has experienced a significant rebound over the past week, gaining 4.19%. However, despite this increase, the asset remains below its key moving averages, indicating sustained bearish momentum.

The weekly chart shows that Uniswap is trading below all of its major moving averages, including the MA-20 at $5.2258 and the MA-200 at $7.0962. This suggests that selling pressure continues to dominate the market.

Regulatory clarity has improved following a federal court's dismissal of a class-action lawsuit against Uniswap Labs, its founder Hayden Adams, and several venture backers. The ruling provides clear guidance on liability boundaries for open DeFi platforms, reducing uncertainty for Uniswap going forward.