Uniswap Picked Momentum, Whats Next?
The UNI price displays a rebound and bulls are eager to cross the 200 day EMA mark to initiate a significant reversal. However, the trend is volatile and buyers need to hold the gains to pick momentum. The price action shows the selling pressure and the Uniswap crypto has corrected over 40% this month, replicating the seller dominance. Buyers are struggling to retain momentum and made fresh long positions. At press time, the Uniswap crypto (UNI) price traded at $8.00 with an intraday gain of 4.10%, reflecting neutrality on the charts. It has a monthly return ratio of -37.20% and 44.30% yearly. The pair of UNI/BTC is at 0.000125 BTC, and the market cap is $7.03 Billion. Analysts are neutral and suggest that the Uniswap crypto will retain strength and cross the upside mark of $100 shortly. UNI Price Volume Profile Analysis On Daily Chart Per the Santiment data, the price-to-volume profile showcases a spike and has retained the 200-day EMA mark, but needs to sustain. However, the trend is neutral, and buyers want to retain the $10 mark. Meanwhile, the UNI crypto price is at its strong support zone of $8 with a short covering move anticipated ahead. The intraday trading volume