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- In the last three months, the trading price of the UNI crypto has increased by 55%.
- The all-time high price of the crypto is $44.92 and it is currently trading at $6.34.
Uniswap is a protocol that allows users to trade Ethereum-based tokens without intermediaries, using an AMM model. UNI is its governance token, which enables the community to influence the protocol’s direction and receive various incentives. UNI was created by the Uniswap team, led by Hayden Adams.
The TVL of the Uniswap crypto is $9.717 Bo;;opm and the market cap of the crypto is $3.782 BIllion, and it has a market cap/TVL ratio of 1.05. Additionally, the market cap of the crypto has witnessed a decline of 5.7% in the last 24 hours.
The trading volume of the crypto has increased by 4.5% with a traded volume of $100.653 Million in the last 24 hours. This further results in a volume/market cap ratio of 2.71%.
With an increase of 14.89% in the derivatives trading volume, the open interest of Uniswap has declined by 6.7% in the last 24 hours. The long/short ratio of the crypto is 0.9425 followed by a long liquidation of $672.24K. Furthermore, the short liquidation for the crypto is $6.60K and the current open interest of the crypto is $66.46 Million.
Uniswap Token Data Overview
The circulating supply of the Uniswap crypto is 598.187 Million UNI which is 59.8% of the max supply. Additionally, the max supply and the total supply of the crypto are the same at 1.0 Billion UNI while the fully diluted market cap of the crypto is $6.237 Billion.
Uniswap has a total of 376K holders as per Etherscan.io, and the market cap of the crypto is $4.753 Billion.
UNI Crypto Technical Analysis
The price of the UNI crypto has been following an uptrend on the charts leading to higher high swing points. The price of the crypto recently broke above the last swing high but failed to sustain above the same.
If the price of the crypto rebounds and breaks above the previous swing high, we might witness a continuation in the trend of the crypto to higher levels.
UNI/USD Chart by TradingView
The UNI crypto price is trading below the 20-day and the 50-day EMAs while the price of the crypto is sustaining above the 200-day EMA. The EMAs have formed a golden cross. Thus, a rebound in the crypto price above the 50-day might lead the price of the crypto to higher levels.
The MACD is taking support at the zero level, forming uncertain histograms on the charts. However, the signal line seems to be breaking below the zero level.
The RSI is moving in a range-bound zone indicating volatility and uncertainty in the trend of the crypto price.
Summary
The UNI crypto price has increased by 55% in the last three months and the token is trading above the 200-day EMA. The price of UNI has a chance to resume its uptrend if it breaks above the previous swing high. Therefore, if the UNI crypto price sustains above the previous swing high and a bullish indication is given by the technical indicators, we might witness an increase in the price.
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.
