- Uniswap has been around around $ 5, losing more than 3%.
- The UNI -trading trading volume dropped by 25%.
The mixed -a -emotion within the market will eliminate recent acquires and push possessions into the bearish zone. Bitcoin holds around $ 94.6k, and Ethereum traces $ 1.7k. Meanwhile, Uniswap (UNI) injured the downtrend, which lost 2.64%.
Uni kickstarted the day trading at a high $ 5.54. The bears took the rocks, and the price fell to the level of $ 5.21. At the time of writing, uniswap Trading at $ 5.34 with its market cap of $ 3.36 billion.
Moreover, the market witnessed the Destruction of $ 752.18k worth of uniswap during this period. Noteworthy, the sun -high trading volume decreased by 26.71%, reaching $ 127 million.
As per On-chain Data. During the last 6 days, four project -related wallets moved a total of 19.21m uni to exchange.
Will Uni deny the downtrend and surge?
Uniswap is already in a powerful bearish stage. The asset may immediately test important support in the range of $ 5.22. A steady correction of the downside can send the UNI price to re -re -re -re -re -re -enable
If the bulls of the owner turn away from the bear against the bear, the price is likely to jump and resist the resistance to $ 5.39. A prolonged stay on the uphill trajectory can be uniswap to reach the $ 6 mark and continue having.
The moving average line of the variety (MACD) line and signal line are fixed to the bottom of the zero line. This durable bearish crossover indicates a strong downtrend. Besides, the UNI's Chaikin Flow (CMF) indicator at 0.09 suggests flowing pills, with minimal emotions.
Moreover, the trading window shows the bull bear's strength reading at -0.2130, indicating that bears are in market control. Uni may approach Oversold territory Like the sun -day -child -child index (RSI) resting at 36.29, indicating that the bearish momentum is present.
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