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Uniswap (UNI) Falls 0.02%, Underperforms the Crypto Market Tuesday

Tuesday, February 27, 2024 10:55 AM | InvestorsObserver Analysts
Uniswap (UNI) Falls 0.02%, Underperforms the Crypto Market Tuesday

Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Decentralized Finance has lost 1.51% to $10.64.

volatility - 36
InvestorsObserver is giving Uniswap a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Uniswap!

Moderately Volatile

InvestorsObserver gives Uniswap a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. UNI's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Uniswap price is in a good position going forward. With support at $10.11 and resistance around $11.17. This leaves Uniswap with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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