UNFI USDT 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-USDT. Unifi Protocol DAO (UNFI) is a decentralized autonomous organization that utilizes blockchain technology to facilitate secure and transparent governance. With UNFI, users can participate in decision-making processes and have a say in the direction of the protocol, ensuring that it remains truly decentralized and community-driven. Additionally, UNFI’s unique tokenomics structure incentivizes participation and contribution to the network, further reinforcing its decentralized nature.

Unifi Protocol DAO Price Overview:

As of May 10, 2024, Unifi Protocol DAO is trading at approximately 3.77 USDT. Let’s dive into the detailed price action for UNFI-USDT:

Consider bearish sentiment in Unifi Protocol DAO (UNFIUSDT) at 3.77 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Metric Value
Open (O) 3.764
High (H) 3.804
Low (L) 3.713
Close (C) 3.77
Volume (C) 307,642.30
  • Open (O): The opening price for today’s trading session was approximately 3.764 USDT.
  • High (H): Unifi Protocol DAO reached a daily high of around 3.804 USDT.
  • Low (L): The daily low for UNFI-USDT was approximately 3.713 USDT.
  • Close (C): At the time of analysis, Unifi Protocol DAO is trading near its daily close of 3.77 USDT.
Metric Value
1D Change (%) 0.16%
3D Change (%) 3.29%
7D Change (%) -3.38%
30D Change (%) -30.39%
90D Change (%) -37.00%
YTD Change (%) -48.44%

Over the past three days, UNFIUSDT has risen by approximately 3.29%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.38%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UNFIUSDT maintaining a downward trend of approximately -30.39%, despite intermittent fluctuations. Examining the last 90 days, UNFIUSDT has witnessed substantial fall of approximately -37.00%, reflecting strong long-term confidence. Year-to-date, UNFIUSDT has steadily depreciated by around -48.44%, 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 0.57565.
  • Momentum score is 0.00453.

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 307,642.30 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 low zone, around 40.30862. This suggests that Unifi Protocol DAO is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment in Unifi Protocol DAO (UNFIUSDT) at 3.77 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on UNFI BTC Unifi Protocol DAO Technical Analysis; it’s a natural follow-up if you enjoyed this post.

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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