The price of Uniswap (UNI) continues to rise, attributed to increased trading activity and positive platform metrics. This summary highlights key achievements and forecasts for UNI.
Price Dynamics of UNI over the Week
Over the past week, the price of Uniswap fluctuated between $9.78 and $11.30, with a 60% increase in July. Open interest rose by 4.76% to $754.7 million, and daily trading volume increased by 25% to $427.5 million. This development indicates investor confidence in the current upward trend.
Growth Metrics of Uniswap v4
Uniswap v4 shows significant results: total trading volume has exceeded $110 billion, while total value locked reached $1.03 billion. The 30-day decentralized exchange volume stands at $26 billion. Most activity is concentrated on Unichain, accounting for about 75% of all trades.
Technical Analysis of UNI
Currently, UNI is trading at $11.03, just below the upper Bollinger Band at $11.63. The relative strength index (RSI) at 71.30 indicates an overbought market. UNI's pattern shows a steady rise with minor consolidations, commonly seen in strong trends.
The overall growth of Uniswap v4 and investor confidence in UNI continue to shape the market. Maintaining prices above key levels could lead to further growth, while potential pullbacks will depend on market dynamics.
