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.
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.
The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.