Uniswap’s [UNI] sellers made 14% shorting gains after devaluing the altcoin from $4.6 to $3.98 in the first half of October. However, bulls re-grouped at $3.98 and attempted a mid-month reversal at press time. AMBCrypto previously marked the $4 psychological level as a crucial rebound area for Uniswap. The projection was confirmed, but UNI’s recovery faced overhead hurdles that traders should note. The daily chart’s market structure had a bearish bias at press time unless the price exceeded the recent high of $4.68.