Uniswap [UNI] was taking another route as most of the coins in the crypto market were seen walking downhill. Bitcoin [BTC], Binance Coin [BNB], XRP, and several other cryptocurrencies were seen in the red zone. While several speculated that BTC could persist this downfall, a few others noted that this was nothing but a mere setback. Additionally, Dogecoin [DOGE] was experiencing a massive drop after its recent surge.
The overall market cap of the crypto-verse had staggered to a low of $2.02 trillion.
Furthermore, Uniswap, Ethereum [ETH], and Litecoin [LTC] were the only assets that were bagging gains amidst the bearish notion that had struck the market. UNI navigated its way into the top ten as its market cap soared to $19.50 billion. The asset stands currently stands as the ninth-largest coin. The altcoin was trading for $37.25 with a 16.20% surge in the last 24-hours.
Uniswap [UNI] Four-Hour Price Chart On Binance
The four-hour price chart of UNI was hoarding the bulls. The Bollinger Bands indicator suggested an increase in volatility as the bands were wide apart. This possible surge in volatility could be beneficial for the altcoin considering the presence of bulls in the UNI market. The MACD line remained over the signal line heading in for a bullish crossover. The Money Flow Index indicator was noted in the buyers’ zone.
This further suggested that the altcoin could prolong its existing uptrend.
Uniswap [UNI] One-Day Price Chart On Binance
A mixed predilection was seen in the one-day price chart of UNI. The Awesome Oscillator indicator laid out red closing bars suggesting a bearish momentum. The Chaikin Money Flow indicator, however, remained over in the bullish area. Even though the altcoin resided in the bearish arena throughout the first two weeks of April, UNI recorded a reversal of the trend.
Furthermore, UNI also followed the footsteps of the short-term price chart. The asset was noted asserting a buyers’ sentiment as per the Relative Strength Index indicator.