UFT USDT UniLend Finance Technical Analysis

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By Frans van Elst

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. 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 May 13, 2024, UniLend Finance is trading at approximately 0.4059 USDT. Let’s dive into the detailed price action for UFT-USDT:

Delve into potential challenges for UniLend Finance (UFTUSDT) at 4.06e-01 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.4126
High (H) 0.4168
Low (L) 0.3934
Close (C) 0.4059
Volume (C) 2,105,717.00
  • Open (O): The opening price for today’s trading session was approximately 0.4126 USDT.
  • High (H): UniLend Finance reached a daily high of around 0.4168 USDT.
  • Low (L): The daily low for UFT-USDT was approximately 0.3934 USDT.
  • Close (C): At the time of analysis, UniLend Finance is trading near its daily close of 0.4059 USDT.
Metric Value
1D Change (%) -1.62%
3D Change (%) 2.45%
7D Change (%) -1.48%
30D Change (%) 5.13%
90D Change (%) -2.29%
YTD Change (%) 9.50%

Over the past three days, UFTUSDT has risen by approximately 2.45%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.48%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UFTUSDT maintaining an upward trend of approximately 5.13%, despite intermittent fluctuations. Examining the last 90 days, UFTUSDT has witnessed substantial drop of approximately -2.29%, reflecting strong long-term confidence. Year-to-date, UFTUSDT has steadily increased by around 9.50%, 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 0.52256.
  • Momentum score is -0.05385.

UFT USDT Technical Analysis

UniLend Finance Trading Volume:

The trading volume for UniLend Finance (UFT) over the past 24 hours has been insignificant, with approximately 2,105,717.00 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 neutral zone, around 45.69198. 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 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Delve into potential challenges for UniLend Finance (UFTUSDT) at 4.06e-01 USDT, guided by bearish technical analysis emphasizing weakened support and cautionary indicators.

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.

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