Uniswap, the decentralized cryptocurrency exchange, has announced the introduction of a 0.15% swap fee on certain tokens, primarily stable pairs that account for 85% of the platform's trading volume. The new fee, effective Tuesday, is expected to finance protocol development. The announcement was made by Hayden Adams, the founder of Uniswap, on Monday.

The decision has elicited mixed reactions from industry players. Ari Paul of Blocktower Capital expressed support for the move, while Crypto JAW criticized it as a new form of taxation on the platform.

Simultaneously, Uniswap's price is currently hovering at $4.12 following a 4.36% intra-day swing seen on Monday. For a potential recovery, the price needs to surpass a resistance level of $4.47, which coincides with the 50-day exponential moving average (EMA).

Despite these developments, some market indicators suggest a possible bearish trend. A bearish relative strength index (RSI) and a support line at $3.99 indicate that the price could potentially drop to $3.50 if breached.

However, should bullish market signals prevail, the $4.47 resistance could potentially turn into support, aiming for the 100-day EMA line at $4.73. The upcoming days will reveal how these changes will affect Uniswap's market performance and user reactions to the new swap fee.

https://www.investing.com/news/cryptocurrency-news/uniswap-introduces-015-swap-fee-on-select-tokens-93CH-3200299