Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Decentralized Exchange has increased 4.8% to $9.64.
Moderately Volatile
InvestorsObserver gives Uniswap a moderate volatility rank of 31, placing it in the bottom 31% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
UNI’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Uniswap price is trading above resistance. With support set at $9.04 and resistance set at $9.37. This positions Uniswap out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
