- The Uniswap token price is in a downtrend, around -5.2%, during the intraday trading session.
- The 24-hour trading volume is at $486 million.
- UNI/BTC pair is trading negative by -3.7% at 0.00047385 BTC.
Daily technical chart and price trend of Uniswap token price are showing a bearish trend. Based on the pivot level, the first support zone is 18 USDT. From another perspective, if it rushes, the resistance level to watch is 25 USDT. Thus, the graph made a bullish harami candle pattern during the day, and the cost is relied upon to remain upside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost slips below the green ribbon and is now below the red ribbon, so it will guarantee a downswing in Uniswap until it’s below the ribbon.
Trading volume (797.569 K) is underneath the 20-day moving average (3.202 M). To put it plainly, the volume is low, making the cost remain at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Schaff Trend Cycle indicator (bearish) with a 0.84 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward curve in the index.
Uniswap Token Trend Cycle Remains Bearish During The Day
Uniswap’s price today is $19.95 with a 24-hour trading volume of $486,392,466. The UNI price has fallen by -5.2% in the last 24 hours. It has a circulating quantity of 520 million UNI coins and a total quantity of 1 billion. The STC points to a selling indication, and the traders have prompted low volume. In fact, the cost is around the support regions. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $25
Support Level: $18