In this Uniswap technical analysis, we will examine the current price action, trading volume, key levels and indicators for UNI-USDT. Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain that allows users to trade their digital assets without relying on intermediaries. Uniswap’s unique liquidity pool model enables efficient and trustless trading, making it an attractive option for both institutional and retail investors. With its innovative design and user-friendly interface, Uniswap has quickly become one of the most popular DEXs in the cryptocurrency space.
Uniswap Price Overview:
As of September 22, 2023, Uniswap is trading at approximately 4.226 USDT. Let’s dive into the detailed price action for UNI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 4.241 |
| High (H) | 4.275 |
| Low (L) | 4.198 |
| Close (C) | 4.226 |
| Volume (C) | 499,907.05 |
- Open (O): The opening price for today’s trading session was approximately 4.241 USDT.
- High (H): Uniswap reached a daily high of around 4.275 USDT.
- Low (L): The daily low for UNI-USDT was approximately 4.198 USDT.
- Close (C): At the time of analysis, Uniswap is trading near its daily close of 4.226 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.40% |
| 3D Change (%) | -4.11% |
| 7D Change (%) | -2.87% |
| 30D Change (%) | -11.31% |
| 90D Change (%) | -10.73% |
| YTD Change (%) | -18.21% |
Over the past three days, UNIUSDT has dropped by approximately -4.11%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -2.87%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with UNIUSDT maintaining a downward trend of approximately -11.31%, despite intermittent fluctuations. Examining the last 90 days, UNIUSDT has witnessed substantial decline of approximately -10.73%, reflecting strong long-term confidence. Year-to-date, UNIUSDT has steadily dropped by around -18.21%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Uniswap Live Chart:
You can access a live price chart for UNI-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 0.33537.
- Momentum score is -0.11312.
UNI USDT Technical Analysis
Uniswap Trading Volume:
The trading volume for Uniswap (UNI) over the past 24 hours has been insignificant, with approximately 499,907.05 USDT traded against UNI. 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): UNI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Uniswap is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for UNI-USDT is currently in the low zone, around 39.76052. This suggests that Uniswap is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Uniswap (UNI-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.
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.
