In this Uniswap technical analysis, we will examine the current price action, trading volume, key levels and indicators for UNI-USDT. Uniswap is a decentralized exchange built on the Ethereum blockchain that enables users to trade a variety of assets in a trustless and permissionless manner. The platform utilizes liquidity pools to facilitate trading, allowing users to earn rewards in the form of UNI tokens for providing liquidity. Uniswap has gained popularity among cryptocurrency enthusiasts due to its innovative design and the ability to trade a wide range of assets without the need for intermediaries.
Uniswap Price Overview:
As of May 21, 2024, Uniswap is trading at approximately 9.354 USDT. Let’s dive into the detailed price action for UNI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 9.327 |
| High (H) | 9.459 |
| Low (L) | 9.083 |
| Close (C) | 9.354 |
| Volume (C) | 2,212,180.96 |
- Open (O): The opening price for today’s trading session was approximately 9.327 USDT.
- High (H): Uniswap reached a daily high of around 9.459 USDT.
- Low (L): The daily low for UNI-USDT was approximately 9.083 USDT.
- Close (C): At the time of analysis, Uniswap is trading near its daily close of 9.354 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.28% |
| 3D Change (%) | 19.01% |
| 7D Change (%) | 37.82% |
| 30D Change (%) | 20.99% |
| 90D Change (%) | 26.56% |
| YTD Change (%) | 29.52% |
Over the past three days, UNIUSDT has increased by approximately 19.01%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 37.82%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UNIUSDT maintaining an upward trend of approximately 20.99%, despite intermittent fluctuations. Examining the last 90 days, UNIUSDT has witnessed substantial rise of approximately 26.56%, reflecting strong long-term confidence. Year-to-date, UNIUSDT has steadily increased by around 29.52%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Uniswap Live Chart:
You can access a live price chart for UNI-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.90328.
- Momentum score is 0.32888.
UNI USDT Technical Analysis
Uniswap Trading Volume:
The trading volume for Uniswap (UNI) over the past 24 hours has been significant, with approximately 2,212,180.96 USDT traded against UNI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): UNI is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Uniswap is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UNI-USDT is currently in the neutral zone, around 54.64046. This suggests that Uniswap is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Uniswap (UNI-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Ride the bullish wave in Uniswap (UNIUSDT) at 9.35 USDT with technical analysis, showcasing strong support and positive indicators.
Don’t skip our thorough exploration of UNI BTC Uniswap Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.