In this Unifi Protocol DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for UNFI-USDT. Sure, here are three sentences about Unifi Protocol DAO (UNFI) cryptocurrency: Unifi Protocol DAO (UNFI) is a decentralized governance token that enables holders to participate in the decision-making process of the Unifi Protocol ecosystem. With UNFI, users can vote on proposals and contribute to the growth and development of the platform. By leveraging blockchain technology and smart contracts, UNFI provides a secure and transparent governance system for the Unifi Protocol community.
Unifi Protocol DAO Price Overview:
As of October 03, 2023, Unifi Protocol DAO is trading at approximately 6.842 USDT. Let’s dive into the detailed price action for UNFI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 7.022 |
| High (H) | 7.129 |
| Low (L) | 6.785 |
| Close (C) | 6.842 |
| Volume (C) | 243,123.60 |
- Open (O): The opening price for today’s trading session was approximately 7.022 USDT.
- High (H): Unifi Protocol DAO reached a daily high of around 7.129 USDT.
- Low (L): The daily low for UNFI-USDT was approximately 6.785 USDT.
- Close (C): At the time of analysis, Unifi Protocol DAO is trading near its daily close of 6.842 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.40% |
| 3D Change (%) | 1.41% |
| 7D Change (%) | -8.49% |
| 30D Change (%) | -26.45% |
| 90D Change (%) | 99.30% |
| YTD Change (%) | 85.72% |
Over the past three days, UNFIUSDT has increased by approximately 1.41%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -8.49%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UNFIUSDT maintaining a downward trend of approximately -26.45%, despite intermittent fluctuations. Examining the last 90 days, UNFIUSDT has witnessed substantial increase of approximately 99.30%, reflecting strong long-term confidence. Year-to-date, UNFIUSDT has steadily appreciated by around 85.72%, 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-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 1.19658.
- Momentum score is -0.26446.
UNFI USDT 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 243,123.60 USDT 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-USDT is currently in the neutral zone, around 50.92512. This suggests that Unifi Protocol DAO is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Unifi Protocol DAO (UNFI-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.
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.
