• The UNI price has shown signs of bouncing back and buyers are aiming to overcome the challenge posed by the 200-day EMA mark.
• Investors are determined to sustain the recent pullback and defend the $10 threshold.

There is a struggle among buyers to maintain traction and establish fresh long positions amidst selling pressure. The current price of the Uniswap cryptocurrency (UNI) is at $8.00, marking a 4.10% increase on the day. Despite this, the monthly return ratio is at -37.20% with a yearly return of 44.30%. The UNI/BTC pair is trading at 0.000125 BTC while the market cap stands at $7.03 Billion. Analysts are neither bullish nor bearish, predicting the potential for UNI to surpass $100 in the near future.

UNI Price Volume Profile Analysis On Daily Chart

Analysis of the price-to-volume profile using Santiment data shows a spike that has held above the 200-day EMA mark. Buyers are striving to preserve the $10 level, despite a neutral trend. The price of UNI is currently well-supported at $8, with an increase in intraday trading volume by 12.29% to $72.70 Million.

Price Volatility and Weighted Sentiment Outlook

Despite a notable recovery in the Uniswap crypto price, the volatility has reduced by 5.80% to 0.00842. However, the weighted sentiment remains positive, hovering close to the midpoint at -0.152.

Social Dominance And X Followers Insights

Social dominance has slightly declined to 0.32%, along with fewer discussion reports. Meanwhile, X followers data has seen a substantial increase of 31.89% to -22.3k.

Development Activity and Total Open Interest Insights

Development activity data on the daily chart has shown an increase above the midpoint at 117, indicating a positive outlook. Additionally, derivative data suggests a buildup of long positions, with open interest growing by 3.89% to $49.43 Million.

UNI price is currently trading near the 38.2% support zone based on Fib levels, close to the mid-Bollinger Band, demonstrating neutrality. The RSI curve remains below the midline, although a positive crossover has been observed.

The total supply of Uniswap crypto is 1 Billion with a volume-to-market cap ratio of 0.0103, ranking 22nd in the global crypto market.

Summary

UNI price has gained momentum to approach the 200-day EMA mark, indicating the accumulation of buyers. However, the trend remains volatile, requiring buyers to surpass $9 for a significant trend reversal.

Technical Levels

Support Levels: $7.60 and $7

Resistance Levels: $8.80 and $9.50

Disclaimer

The opinions expressed in this article are for informational purposes only and do not constitute financial or investment advice.