UNI is showing strength by breaking the descending trendline and now is bouncing off the strong support area. This happens because of its fundamental news - Uniswap V3 has launched on the Polygon chain and now is actively growing the trading volume on the platform. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.