As the total crypto market cap was seen aiming for $2 trillion. Several coins including Bitcoin [BTC], Uniswap [UNI], Ethereum [ETH] were aiding this maturity. The entire crypto-verse exerted extreme volatility over the last couple of days. Bitcoin’s retracement pushed the asset down below $47K. Nevertheless, the king coin was back in action as it finally discovered the road back into $50K. Similarly, some of the other coins were noted rekindling bullish sentiments. A few others, however, were still residing in the bearish realm. UNI happened to be one of those coins.
At the time of writing, Uniswap [UNI] was trading for $31.61 with a 7.25% drop in the last 24-hours. Despite this daily drop, the asset managed to score gains of over 21% in the last seven days. The increase in the altcoin’s market cap helped it earn a spot on the top ten.
Uniswap [UNI] One-Hour Price Chart On Kraken
UNI has been trying to make it past $34 for a while now. The short-term price chart of the altcoin suggested that this destination could take longer than expected. The Bollinger Bands indicator announced limited volatility as the bands were quite close to each other. The Awesome Oscillator indicator affirmed that this insufficient volatility could be beneficial for the asset around this time as the bears were in its market.
Despite, this bearish momentum, the UNI market unveiled a buyers’ sentiment, the Money Flow Index indicator announced.
Uniswap [UNI] One-Day Price Chart On Kraken
The one-day price chart of UNI affirmed that the asset could move beyond its all-time high of $34. The Parabolic SAR indicator designed dotted lines below the candlesticks. This negated the chances of a downtrend as the aforementioned line stood as a support for the asset. The MACD indicator formed a bearish crossover with the MACD line over the signal line.
The Relative Strength Index indicator announced that UNI was recovering from the overbought zone. Yet, a buyers’ sentiment was retained by the altcoin.