UNFI BTC Unifi Protocol DAO Technical Analysis

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By Frans van Elst

Unifi Protocol DAO logo 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 governance platform that enables users to participate in the decision-making process of the Unifi ecosystem. UNFI holders can vote on proposals and contribute to the growth and development of the platform. With its innovative governance model, Unifi Protocol DAO aims to create a more inclusive and decentralized future for the blockchain industry.

Unifi Protocol DAO Price Overview:

As of May 13, 2024, Unifi Protocol DAO is trading at approximately 6e-05 BTC. Let’s dive into the detailed price action for UNFI-BTC:

Unveil potential setbacks for Unifi Protocol DAO (UNFIBTC) at 5.56e-05 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

Metric Value
Open (O) 6e-05
High (H) 6e-05
Low (L) 5e-05
Close (C) 6e-05
Volume (C) 8,448.30
  • Open (O): The opening price for today’s trading session was approximately 6e-05 BTC.
  • High (H): Unifi Protocol DAO reached a daily high of around 6e-05 BTC.
  • Low (L): The daily low for UNFI-BTC was approximately 5e-05 BTC.
  • Close (C): At the time of analysis, Unifi Protocol DAO is trading near its daily close of 6e-05 BTC.
Metric Value
1D Change (%) -3.97%
3D Change (%) -5.92%
7D Change (%) -6.87%
30D Change (%) 12.32%
90D Change (%) -55.34%
YTD Change (%) -67.82%

Over the past three days, UNFIBTC has dropped by approximately -5.92%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -6.87%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UNFIBTC maintaining an upward trend of approximately 12.32%, despite intermittent fluctuations. Examining the last 90 days, UNFIBTC has witnessed substantial fall of approximately -55.34%, reflecting strong long-term confidence. Year-to-date, UNFIBTC has steadily dropped by around -67.82%, 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 0.50835.
  • Momentum score is -0.07794.

UNFI BTC Technical Analysis

Unifi Protocol DAO Trading Volume:

The trading volume for Unifi Protocol DAO (UNFI) over the past 24 hours has been insignificant, with approximately 8,448.30 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 low zone, around 36.19442. This suggests that Unifi Protocol DAO is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Unveil potential setbacks for Unifi Protocol DAO (UNFIBTC) at 5.56e-05 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

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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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