Uniswap (UNI) recently tested the $5.92 support level following a sharp correction, presenting mixed signals for traders. The 4-hour chart indicates a bearish trend with continued outflows and a dominant sell-side, while the daily chart remains bullish if the $5.92 level holds. A potential recovery could start with a break above $6.55, providing a possible entry point for short-term traders. In related developments, the Uniswap Foundation has advocated for clearer tax policies and regulatory guidance within the DeFi sector, highlighting the need for a more structured framework to support growth and innovation.