- The market cap of the Uniswap crypto is trading flat over the last 24 hours.
- The UNI crypto’s price has advanced by 2100% from its all-time low value.
Uniswap is a decentralized exchange on Ethereum using an automated market maker model. Its UNI token, launched in September 2020, enables community governance, allowing holders to propose and vote on protocol changes.
Created by Hayden Adams and his team, UNI aligns the interests of liquidity providers, traders, and developers.
![Uniswap](https://themarketperiodical.com/wp-content/uploads/2024/05/image-346.webp)
The price of the Uniswap crypto is highly volatile, with a volatility of 6.34%, and the fear and greed index is at 76, showing extreme greed among the traders.
Uniswap also has an outstanding market presence and a market cap dominance of 0.21%. Coindex also shows the sentiment of the crypto as bullish at press time.
Also, currently, 59.8% of the maximum supply of Uniswap is circulating in the market. This results in a circulating supply of 598.93M UNI.
Uniswap Crypto Blockchain Data Overview
![Uniswap](https://themarketperiodical.com/wp-content/uploads/2024/05/image-345.webp)
The Total Value Locked for the crypto has consistently advanced over the last few days. It shows the rise of investors’ confidence in the crypto. Also, the current TVL of the crypto is $6.277B.
The total raised amount by the Uniswap crypto is $176.0M, and the liquidity of the token is valued at $52.41M.
UNI Crypto Technical Chart Overview
The price of the UNI crypto was trading inside a consolidation zone for a month, and it recently broke out with strong momentum.
![Uniswap](https://themarketperiodical.com/wp-content/uploads/2024/05/image-344-1024x456.png)
The breakout in the crypto’s price also led to a massive surge in the volume, which shows the reliability of the crypto uptrend.
The candlesticks formed on the daily crypto chart are further strongly bullish, which shows that a retracement in the crypto price is pending. Despite this, as the momentum is strong, the price might directly surge to higher levels.
UNI/USD Chart by TradingView
The 50-day and the 200-day EMAs show signs of bullishness on the daily chart as the following EMAs are trading in a golden cross. The crypto’s price also has broken above the EMAs and sustained above the same.
The price has also broken above the contracted Bollinger band on the daily timeframe.
The MACD and the signal line are approaching the higher levels, followed by a bullish crossover between the MACD and the signal line.
The RSI has advanced to the overbought zones and broken above the 50 level, followed by a breakout above the 14-day SMA. It shows bullish momentum in the trading price of UNI crypto.
Summary
UNI’s price surged 25% in three days amid high volatility and extreme greed (index 76).
With strong technical indicators, including a bullish breakout and golden cross of the 50-day and 200-day EMAs, the sentiment remains bullish. Increased TVL and positive MACD and RSI suggest continued upward momentum for UNI.
The support levels for the UNI crypto are $3.3 and 4.80, and on the higher side, the resistance levels for the crypto are situated at $11.80 and $15.60.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.