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Uniswap (UNI): How Does the Chart Look Friday?

Friday, December 03, 2021 08:30 AM | InvestorsObserver Analysts
Uniswap (UNI): How Does the Chart Look Friday?

Uniswap receives an average short-term technical score of 62 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. UNI holds a better recent technical analysis than 62% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 62
InvestorsObserver is giving Uniswap a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Uniswap!

Trading Analysis

Uniswap is $3.27 (17.52%) above its 30-day low of $18.65 while -$6.52 (-22.92%) below its 30-day high of $28.43. In addition, UNI's current price of $21.91 is under its 30-day moving average price of $23.03, leading to an average short-term technical score. Overall the recent trading history of Uniswap suggest that investors are neutral on the token at the moment. UNI has a relatively high market cap for a token with a total market value of $13,760,158,201.18. Uniswap's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and UNI meets that criteria. Uniswap's average volume meanwhile is high with $3,747,211,321.73 worth of the token traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, UNI's volume is below its average with $416,063,618.05 exchanged. Uniswap's subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.

Summary

UNI's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the token in the short-term. Click Here to get the full Report on Uniswap (UNI).

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