Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn

13 June 2024
in Analysis
Reading Time: 4 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Uniswap (UNI), a distinguished decentralized trade token, is bracing for additional declines because the broader cryptocurrency market experiences a big downturn. Latest market tendencies point out a continuation of bearish momentum, which has impacted UNI’s worth negatively. 

A number of components, together with macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this prolonged downtrend. As Uniswap’s worth breaks key assist ranges, the chance of extra losses will increase.

This text delves into UNI’s worth evaluation with the assistance of technical indicators to find out the anticipated decline and supply insights into what merchants and buyers would possibly anticipate within the coming days.

The value of Uniswap has elevated by 4.60%, buying and selling at about $9.873 within the final 24 hours, with a market capitalization of greater than $5.9 billion and a buying and selling quantity of greater than $356 million as of the time of writing. UNI’s market cap and buying and selling quantity have been additionally up by 4.28% and 19.98%, respectively.

UNI Builds Bearish Sentiment

On the 1-hour chart, UNI is making an attempt to maneuver beneath the 100-day Easy Transferring Common (SMA) because it has failed to maneuver above the bearish trendline. It may be instructed right here that Uniswap would possibly go bearish.

UNI making an attempt to drop beneath the 100-day transferring common | Supply: UNIUSDT on Tradingview.com

The 1-hour Composite Pattern Oscillator additionally indicators that the worth of UNI would possibly break beneath the 100-day SMA and go bearish as each the sign line and SMA crossed and are heading towards the zero line. From this Relative Energy Index (RSI) formation, it may be thought-about that UNI would possibly go bearish if it strikes beneath the 100-day SMA.

In the meantime, within the 4-hour chart, UNI’s worth trades beneath the trendline and the 100-day SMA. The value of UNI can also be making an attempt to drop a bearish 4-hour candlestick.

UNI
UNI trending beneath the transferring common and trendline | Supply: UNIUSDT on Tradingview.com

Though the 4-hour composite development oscillator signifies that UNI might go bullish, the worth will definitely transfer upward on a short-term notice and start to say no once more. The sign line and SMA line are heading towards the zero line, however this has continued for some time.

Assist Ranges To Watch Out For

If the worth of UNI drops beneath the 1-hour 100-day easy transferring common, it’s going to start to maneuver in direction of the $8.748 assist stage. It could even decline extra to check the $7.557 assist stage if it breaks beneath the abovementioned stage.

Nonetheless, if Uniswap have been to vary course at any of the beforehand talked about assist ranges, it will start to rise towards the resistance stage of $10.381. If the worth breaches this resistance stage, it is likely to be poised to check the $11.801 mark and maybe a lot greater to check different ranges.

UNI
UNI buying and selling at $9.8 on the 1D chart | Supply: UNIUSDT on Tradingview.com

Featured picture from Adobe Inventory, chart from Tradingview.com



Source link

Tags: CitesDownturnDropIndicatorsKeyMarketPotentialTroubleUNI
Previous Post

Dogechain’s PawPort: The Game-Changer Dogecoin Needed? – Crypto-News.net

Next Post

Study: Ordinals and Runes Reach $1 Billion Market Cap – Featured Bitcoin News

Related Posts

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal
Analysis

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter
Analysis

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal
Analysis

Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal

1 August 2025
XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal
Analysis

XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal

31 July 2025
Analyst Says XRP Price Is Now In Wave 4 — What To Expect
Analysis

Analyst Says XRP Price Is Now In Wave 4 — What To Expect

1 August 2025
Cardano (ADA) Aims Higher – Bullish Setup Hints at New Leg Up
Analysis

Cardano (ADA) Aims Higher – Bullish Setup Hints at New Leg Up

31 July 2025
Next Post
Study: Ordinals and Runes Reach $1 Billion Market Cap – Featured Bitcoin News

Study: Ordinals and Runes Reach $1 Billion Market Cap – Featured Bitcoin News

Before Meme Stocks, WallStreetBets Traders Mainlined Options

Before Meme Stocks, WallStreetBets Traders Mainlined Options

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
OpenAI Taps Nscale and Aker to Launch Stargate Norway

OpenAI Taps Nscale and Aker to Launch Stargate Norway

1 August 2025
SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

1 August 2025
Strategy Stock Price Could Nearly Double as Bitcoin Treasury Aims to Dominate Market: Benchmark – Decrypt

Strategy Stock Price Could Nearly Double as Bitcoin Treasury Aims to Dominate Market: Benchmark – Decrypt

1 August 2025
Vitalik Buterin unveils plan to boost Ethereum speed and scalability

Vitalik Buterin unveils plan to boost Ethereum speed and scalability

1 August 2025
In the new documentary Architecton, buildings collapse and stones dance

In the new documentary Architecton, buildings collapse and stones dance

1 August 2025
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$113,278.00-2.91%
  • ethereumEthereum(ETH)$3,512.60-5.80%
  • rippleXRP(XRP)$2.99-1.92%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$757.91-4.58%
  • solanaSolana(SOL)$164.65-5.55%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,506.87-5.73%
  • dogecoinDogecoin(DOGE)$0.206523-2.92%
  • tronTRON(TRX)$0.325522-0.48%