In this UniLend Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for UFT-USDT. UniLend Finance (UFT) is a decentralized finance (DeFi) platform that enables users to lend and borrow digital assets in a trustless and permissionless manner. UFT utilizes smart contracts to automate the lending process, ensuring efficiency, transparency, and security for all participants. By leveraging blockchain technology, UniLend Finance is poised to revolutionize the traditional finance industry with its innovative approach to lending and borrowing digital assets.
UniLend Finance Price Overview:
As of July 05, 2024, UniLend Finance is trading at approximately 0.2738 USDT. Let’s dive into the detailed price action for UFT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2782 |
| High (H) | 0.2802 |
| Low (L) | 0.252 |
| Close (C) | 0.2738 |
| Volume (C) | 1,955,811.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2782 USDT.
- High (H): UniLend Finance reached a daily high of around 0.2802 USDT.
- Low (L): The daily low for UFT-USDT was approximately 0.252 USDT.
- Close (C): At the time of analysis, UniLend Finance is trading near its daily close of 0.2738 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.48% |
| 3D Change (%) | -15.62% |
| 7D Change (%) | -17.48% |
| 30D Change (%) | -36.96% |
| 90D Change (%) | -50.02% |
| YTD Change (%) | -26.14% |
Over the past three days, UFTUSDT has declined by approximately -15.62%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -17.48%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UFTUSDT maintaining a downward trend of approximately -36.96%, despite intermittent fluctuations. Examining the last 90 days, UFTUSDT has witnessed substantial drop of approximately -50.02%, reflecting strong long-term confidence. Year-to-date, UFTUSDT has steadily decreased by around -26.14%, 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 0.64654.
- Momentum score is -0.24469.
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 1,955,811.00 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): UniLend Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UFT-USDT is currently in the low zone, around 37.09785. This suggests that UniLend Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
UniLend Finance (UFT-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and significant trading volume are low signals for potential downward movement.
Consider bearish sentiment for UniLend Finance (UFTUSDT) at 2.74e-01 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.
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.