Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Decentralized Finance has declined 0.31% to $6.21.
Moderately Volatile
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 is coupled 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 around $5.99 and resistance at $6.32. This positions Uniswap with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.Â
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