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Uniswap (UNI) Rises 3.19%, Outperforms the Crypto Market Sunday

Sunday, July 24, 2022 10:35 AM | InvestorsObserver Analysts
Uniswap (UNI) Rises 3.19%, Outperforms the Crypto Market Sunday

Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Decentralized Exchange has gained 3.19% to $7.01.

volatility - 47
InvestorsObserver is giving Uniswap a 47 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 47, placing it in the bottom 47% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. UNI's moderate volatility reading comes 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 trading near resistance. With support near $6.6 and resistance at $7.08. This positions Uniswap with potential selling pressures ahead as it may be getting over extended.

What is a Token?

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

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