Uniswap rallies 25% in May but higher timeframe trend warns caution for bulls

Uniswap's UNI token surged 25% in early May, supported by strong on-chain activity and promising protocol earnings. Despite this, the token faced resistance near $4.3 and a bearish higher timeframe trend remains. Large coin outflows suggest both bullish conviction and potential coordinated selling. Investors should watch for a possible rally up to $5.77 but manage risk carefully due to the prevailing bearish structure.