Uniswap (UNI) is testing a crucial support level between $4.55 and $5.41 following a 13% decline over the past 60 days. The cryptocurrency is forming a potential double-bottom pattern, which could indicate a reversal if the price breaks above $12.28. However, a close below $4.55 would suggest further downside risk. This support level is pivotal for determining UNI's near-term trajectory.