- The Uniswap cryptocurrency price is trading with a derivatives long/short ratio of 0.9743.
- The UNI price has advanced by 110% in the last one year.
Uniswap Protocol Token (UNI) is a governance token for Uniswap, a decentralized exchange on Ethereum. It empowers community governance, enabling holders to propose and vote on protocol changes. Created by the Uniswap team led by founder Hayden Adams, UNI aligns stakeholders’ interests and rewards participation in the ecosystem.
The derivatives trading volume for the Uniswap token has witnessed an advance of 33.1% in the last 24 hours. The spot trading volume of the crypto has also advanced by 18.5%.
Furthermore, the derivatives traded volume value is $251.98M, and the spot traded volume value is $188.987M. The market cap of the Uniswap token has further declined by 1.4% in the last 24 hours.
The open interest has shown a flat change over the last 24 hours and has witnessed a long liquidation of $597.72K. Also, the short liquidation recorded for the crypto is worth $21.46K.
Uniswap is the 20th largest cryptocurrency in the global cryptocurrency market, and the market cap value of the crypto is $7.475B. This results in a market cap dominance of 0.28%.
As per Coincodex, the sentiment of the Uniswap token is bullish, supporting the fear and greed index, which indicates extreme greed. This crypto is also highly volatile, with a volatility of 10.08%. The supply inflation of the crypto is also meager, resulting in -21.45%.
Uniswap Crypto Blockchain Data Overview
The current total value locked for crypto is $5.873B, which has been consistently advancing over time due to the rise in market cap and fully diluted valuation.
The crypto’s market cap/TVL ratio is 1.2724, and the token liquidity for Uniswap is worth $52.41M. Also, the annualized fees for the crypto are worth $1.7B, the treasury value of the crypto is $2.1K, and Uniswap has raised $176M.
Uniswap Crypto Supply Overview
The circulating supply of the crypto is 598.736M UNI, while the total supply and the maximum supply of the token are the same, resulting in 1.0B UNI. Also, the fully diluted market cap of the crypto is $12.5B.
Price Volatility Vs Weighted Sentiment for UNI Token
While the weighted sentiment for crypto is trying to rebound, its volatility has declined to certain lows, suggesting a market consolidation.
The decline in weighted sentiment further indicates the crypto’s lack of social presence.
UNI Crypto Technical Analysis
The UNI token price was trading inside a declining triangle pattern and broke out above the same a few weeks ago. Since the breakout, the UNI token’s price has advanced by 200% and is currently taking support and forming new higher swing lows.
If the crypto price breaks further above the last swing high, a surge with strong momentum is possible.
UNI/USD Chart by on TradingView.com
The indicators exhibit a strong character as the price of UNI crypto is trading above the 50-day and the 200-day EMA, which further follows a golden cross. The crypto price is currently trying to rebound after retracing to the 50-day EMA.
The MACD and the signal lines are slipping towards the zero level, followed by a bearish cross. If the following metrics fail to drop below the zero level and form a bullish cross above the zero level, a bullish can be witnessed on the daily chart.
The RSI is taking support at the 50 level and has recently spiked above the 14-day SMA. It indicates a surge in the momentum of the crypto.
Summary
UNI token sustains breakout, advancing 200% since triangle pattern breakout. Technicals are trading above 50-day and 200-day EMAs with a golden cross, rebounding from 50-day EMA.
MACD nears zero with bullish potential, and the RSI surges above 50, indicating momentum. Further surge is anticipated if the price surpasses the recent swing high, supporting bullish sentiment.
Technical Levels:
- Support levels: $8.100 and $10.300
- Resistance levels: $17.00 and $28.400
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.