UNI Coin Today's Market: Market Sentiment is Cautious, Liquidity and Volatility Coexist
Today, the market shows a volatile pattern, and investor sentiment is becoming cautious. UNI, as the governance token of the decentralized exchange Uniswap, maintains stable on-chain activity, but influenced by the overall fluctuations in the cryptocurrency market, some investors choose to reduce leverage, leading to an increase in short-term selling pressure.
The price of UNI repeatedly tests around the key support level, and the battle between bulls and bears is intense. The MACD indicator shows that the short-term momentum bars are gradually shortening, and the bullish strength is weakening, while the KDJ indicator has entered the oversold range, indicating a technical rebound demand in the market. In addition, the correlation between UNI and Bitcoin remains at a high level, indicating that its price trend is still dominated by the overall market.
Recently, Uniswap proposed several optimization plans in the v4 version upgrade, including adjustments to the liquidity provider fee distribution mechanism and enhancements in cross-chain interoperability, which are expected to enhance UNI's intrinsic value in the long term. However, the market still has doubts about the specific timing and effectiveness of the upgrade, leading to a strong cautious sentiment among short-term funds.
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