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- 1 UNI price signifies a pullback and is facing a 200 day EMA mark hurdle.
- 2 Buyers are looking to stretch the pullback and willing to retain the $10 mark.
The UNI price displays a rebound and bulls are eager to cross the 200 day EMA mark to initiate a significant reversal. However, the trend is volatile and buyers need to hold the gains to pick momentum. The price action shows the selling pressure and the Uniswap crypto has corrected over 40% this month, replicating the seller dominance. Buyers are struggling to retain momentum and made fresh long positions.
At press time, the Uniswap crypto (UNI) price traded at $8.00 with an intraday gain of 4.10%, reflecting neutrality on the charts. It has a monthly return ratio of -37.20% and 44.30% yearly. The pair of UNI/BTC is at 0.000125 BTC, and the market cap is $7.03 Billion. Analysts are neutral and suggest that the Uniswap crypto will retain strength and cross the upside mark of $100 shortly.
UNI Price Volume Profile Analysis On Daily Chart
Per the Santiment data, the price-to-volume profile showcases a spike and has retained the 200-day EMA mark, but needs to sustain. However, the trend is neutral, and buyers want to retain the $10 mark. Meanwhile, the UNI crypto price is at its strong support zone of $8 with a short covering move anticipated ahead. The intraday trading volume jumped over 12.29% to $72.70 Million.
Price Volatility and Weighted Sentiment Outlook
Despite the significant rebound in the Uniswap crypto price, the price volatility curve shrinks over 5.80% to 0.00842. However, the weighted sentiment looks positive and stayed near the midline around -0.152.
Social Dominance And X Followers Insights
The social dominance data witnessed a nominal down move and slipped toward the lower region to 0.32%, noting a decline in the discussion reports. However, the X followers data noted a significant pullback and jumped over 31.89%, reaching -22.3k.
Development Activity and Total Open Interest Insights
On the daily chart, the development activity data witnessed a follow-on increment and stayed above the midline around 117, showing a positive outlook. Similarly, the derivative data signifies long buildup. The open interest surged over 3.89% to $49.43 Million.
Per the Fib levels, the Uniswap price trades near the 38.2% support zone and is near the mid-Bollinger Band, directing neutrality on the charts. However, the RSI curve stayed below the midline region, and a positive crossover was noted on the charts.
The total supply of the Uniswap crypto is 1 Billion, whereas the volume-to-market cap ratio is 0.0103, ranked 22 in the global crypto market cap.
Summary
The Uniswap crypto price gained momentum and reached the 200 day EMA mark region, signifying the buyer accumulation. However, the trend is volatile and buyers need to cross the upside region of $9 to initiate a significant trend reversal.
Technical Levels
Support Levels: $7.60 and $7
Resistance Levels: $8.80 and $9.50
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
