In this Unifi Protocol DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for UNFI-BTC. Unifi Protocol DAO (UNFI) is a decentralized autonomous organization that aims to provide a platform for decentralized finance (DeFi) and other blockchain-based applications. It utilizes a novel governance mechanism that allows holders of its native cryptocurrency, UNFI, to vote on proposals for the development and growth of the protocol. By leveraging the power of decentralized decision-making, Unifi Protocol DAO seeks to create a more open and inclusive financial system.
Unifi Protocol DAO Price Overview:
As of October 02, 2023, Unifi Protocol DAO is trading at approximately 0.00025 BTC. Let’s dive into the detailed price action for UNFI-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00026 |
| High (H) | 0.00027 |
| Low (L) | 0.00025 |
| Close (C) | 0.00025 |
| Volume (C) | 8,820.60 |
- Open (O): The opening price for today’s trading session was approximately 0.00026 BTC.
- High (H): Unifi Protocol DAO reached a daily high of around 0.00027 BTC.
- Low (L): The daily low for UNFI-BTC was approximately 0.00025 BTC.
- Close (C): At the time of analysis, Unifi Protocol DAO is trading near its daily close of 0.00025 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.43% |
| 3D Change (%) | -1.80% |
| 7D Change (%) | -12.72% |
| 30D Change (%) | -13.44% |
| 90D Change (%) | 118.40% |
| YTD Change (%) | 12.43% |
Over the past three days, UNFIBTC has decreased by approximately -1.80%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -12.72%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UNFIBTC maintaining a downward trend of approximately -13.44%, despite intermittent fluctuations. Examining the last 90 days, UNFIBTC has witnessed substantial rise of approximately 118.40%, reflecting strong long-term confidence. Year-to-date, UNFIBTC has steadily increased by around 12.43%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Unifi Protocol DAO Live Chart:
You can access a live price chart for UNFI-BTC 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 1.32638.
- Momentum score is -0.13442.
UNFI BTC Technical Analysis
Unifi Protocol DAO Trading Volume:
The trading volume for Unifi Protocol DAO (UNFI) over the past 24 hours has been significant, with approximately 8,820.60 BTC traded against UNFI. 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): UNFI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Unifi Protocol DAO is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UNFI-BTC is currently in the neutral zone, around 50.27667. This suggests that Unifi Protocol DAO is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Unifi Protocol DAO (UNFI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC 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.
