☀️Uniswap's current technical analysis shows a mixed signal. Here's a breakdown ¹ ²:
- *Current Price*: $5.431, with a 1.76% decrease in the last 24 hours
- *Summary Technical Rating*: Sell, with a prevailing sell trend in the 1-week rating and a sell signal in the 1-month rating
- *Oscillators*: Neutral, indicating no clear buy or sell signal
- *Moving Averages*: Strong sell, suggesting potential downward momentum
Some analysts predict potential price movements:
- *Short-term*: A possible drop to $6.5-$8 range before increasing to $14 and $28 in the long term
- *Resistance Levels*: $14.40-$14.60, which previously acted as a demand area but now serves as resistance
- *Target Prices*: $14.6, $17, and potentially new cycle highs
Key statistics include ³:
- *Market Capitalization*: $3.48 billion
- *Fully Diluted Market Cap*: $5.53 billion
- *24-hour Trading Volume*: $169.33 million
- *Circulating Supply*: 628.57 million UNI tokens
Keep in mind that technical analysis isn't a definitive prediction and should be used with other forms of analysis and risk management strategies.