Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Decentralized Finance has fallen 2.29% to $5.85.
InvestorsObservergives Uniswap a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
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 $5.73 and resistance near $5.88. 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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