In this analysis of Uniswap’s technical performance, we will delve into the current price action, trading volume, key levels, and indicators for UNI-USDT. Built on the Ethereum blockchain, Uniswap is a decentralized exchange that enables users to trade a diverse range of assets in a trustless and permissionless manner. The platform relies on liquidity pools to facilitate trading, allowing users to earn rewards in the form of UNI tokens by providing liquidity. With its innovative design and ability to trade a wide variety of assets without intermediaries, Uniswap has gained popularity among cryptocurrency enthusiasts.
Uniswap Price Overview:
As of July 19, 2024, Uniswap is trading at approximately 7.721 USDT. Let’s dive into the detailed price action for UNI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 7.837 |
| High (H) | 7.909 |
| Low (L) | 7.668 |
| Close (C) | 7.721 |
| Volume (C) | 485,601.46 |
- Open (O): The opening price for today’s trading session was approximately 7.837 USDT.
- High (H): Uniswap reached a daily high of around 7.909 USDT.
- Low (L): The daily low for UNI-USDT was approximately 7.668 USDT.
- Close (C): At the time of analysis, Uniswap is trading near its daily close of 7.721 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.44% |
| 3D Change (%) | -5.54% |
| 7D Change (%) | -4.86% |
| 30D Change (%) | -22.43% |
| 90D Change (%) | -1.93% |
| YTD Change (%) | 6.91% |
Over the past three days, UNIUSDT has experienced a significant decline of approximately -5.54%, indicating increased market volatility. This downward trend continued throughout the week, with a loss of around -4.86%, suggesting a decrease in investor interest. A 30-day analysis provides a more comprehensive view, revealing a consistent downward trend of approximately -22.43%. Looking at the last 90 days, UNIUSDT has witnessed a substantial fall of around -1.93%, reflecting a loss of long-term confidence. Year-to-date, however, UNIUSDT has steadily appreciated by around 6.91%.
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 0.6565.
- Momentum score is -0.1423.
UNI USDT Technical Analysis
Uniswap Trading Volume:
The trading volume for Uniswap (UNI) over the past 24 hours has been insignificant, with approximately 485,601.46 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 44.14812. This suggests that Uniswap is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Uniswap’s (UNI-USDT) short-term momentum appears to be trending bearishly, with key support and resistance levels drawing attention from traders and investors. It’s crucial to monitor the USDT monthly resistance level and support level for potential trading opportunities. Furthermore, the low RSI reading and insignificant trading volume are warning signs indicating a possible downward trajectory.
Assess Uniswap’s (UNIUSDT) risks at 7.72 USDT with bearish technical analysis, highlighting 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.