The whole market is awash in blood, yet $UNI bucked the trend and climbed about 5%: it’s currently around $5.19, with over $500 million in 24-hour trading volume and a market cap of about $3.1 billion, ranking 27th. If you put in $10,000 at yesterday’s closing price of $4.89, it would now be worth about $10,600—a gain of roughly $600. Those who bought the dip at the 24-hour low of $4.62 are now sitting on about 12% in unrealized gains. Don’t focus on the rally without considering the bigger picture: UNI has fallen about 26% over the past 7 days and more than 30% over the past 30 days. It’s still down 88% from its all-time high of $44.92, so this move looks more like an oversold bounce than a reversal. On the news front, Uniswap v4 has just launched 10 tokenized U.S. stock markets on Monad, including NVDAx and TSLAx, keeping the DEX narrative alive. In a bear market, countertrend coins are the easiest to mistake for a real breakout. Before chasing the rally, take a look at the 30-day chart. #Uniswap #Countertrend