The market cap of the crypto-verse was seen soaring over $2.10 trillion. Several coins like Uniswap [UNI] and Dogecoin [DOGE] navigated their way into the top ten. Both these coins emerged as prominent assets in terms of price as well as market cap. Amidst the emergence of these fairly new assets, Ethereum [ETH] decided to move up in terms of market cap. At press time, ETH’s market cap was noted at $319.65 billion.
Currently standing as the ninth-largest cryptocurrency, Uniswap’s market cap was recorded at $22.44 billion. At the time of writing, the altcoin’s price was at $42.83 with a 9.14% surge in the last 24-hours. The last couple of days were highly beneficial for UNI as it bagged gains of about 14.14% in the previous seven days. Earlier today, the altcoin even recorded an all-time high of $43.89. However, this trend did not persist as the coin endured retracement.
Uniswap [UNI] One-Hour Price Chart On Kraken
The short-term price chart seemed to be in sync with the ongoing trend in the crypto market. The Bollinger Bands indicator suggested limited volatility as the bands were converging as opposed to diverging. The Awesome Oscillator indicator formed a green closing bar after several red closing bars over the last couple of hours. This further indicated the presence of the bulls in the UNI market.
Furthermore, the Relative Strength Index indicator noted that there were no major buying or selling activities in the UNI market was the marker was by the 50 median.
Uniswap [UNI] One-Day Price Chart On Kraken
The one-day price chart went on to mirror the short-term chart of UNI as it was harboring the bulls. The MACD line took over the signal line further forming a bullish crossover. The Klinger Oscillator followed suit and also formed a bullish crossover. The Money Flow Index indicator noted a little over the 50 median indicating dainty buyers’ sentiment.
This notion further suggested that UNI entailed chances of hitting $50.