UFT USDT UniLend Finance Technical Analysis

UniLend Finance logo In this UniLend Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for UFT-USDT. Sure, here are three sentences about UniLend Finance (UFT) cryptocurrency: UniLend Finance (UFT) is a decentralized finance (DeFi) platform that leverages blockchain technology to provide users with access to a wide range of financial services, including lending, borrowing, and trading. UFT’s innovative smart contract architecture enables fast and secure transactions, while its user-friendly interface makes it easy for both experienced crypto enthusiasts and newcomers to navigate the platform. With UniLend Finance, users can enjoy a seamless and transparent financial experience that is free from intermediaries and middlemen.

UniLend Finance Price Overview:

As of October 03, 2023, UniLend Finance is trading at approximately 0.2229 USDT. Let’s dive into the detailed price action for UFT-USDT:

Metric Value
Open (O) 0.2222
High (H) 0.2252
Low (L) 0.217
Close (C) 0.2229
Volume (C) 2,493,459.00
  • Open (O): The opening price for today’s trading session was approximately 0.2222 USDT.
  • High (H): UniLend Finance reached a daily high of around 0.2252 USDT.
  • Low (L): The daily low for UFT-USDT was approximately 0.217 USDT.
  • Close (C): At the time of analysis, UniLend Finance is trading near its daily close of 0.2229 USDT.
Metric Value
1D Change (%) 0.22%
3D Change (%) -1.42%
7D Change (%) -1.94%
30D Change (%) -4.78%
90D Change (%) -7.59%
YTD Change (%) -51.89%

Over the past three days, UFTUSDT has dropped by approximately -1.42%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -1.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UFTUSDT maintaining a downward trend of approximately -4.78%, despite intermittent fluctuations. Examining the last 90 days, UFTUSDT has witnessed substantial fall of approximately -7.59%, reflecting strong long-term confidence. Year-to-date, UFTUSDT has steadily depreciated by around -51.89%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

UniLend Finance Live Chart:

You can access a live price chart for UFT-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 0.37738.
  • Momentum score is -0.04784.

UFT USDT Technical Analysis

UniLend Finance Trading Volume:

The trading volume for UniLend Finance (UFT) over the past 24 hours has been significant, with approximately 2,493,459.00 USDT traded against UFT. 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): UFT is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): UniLend Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for UFT-USDT is currently in the neutral zone, around 46.49063. This suggests that UniLend Finance is in range-bound territory.

Analysis from TradingView:Our Key Takeaways:

UniLend Finance (UFT-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.

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.