Uniswap Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (CRYPTO: UNI) has seen a 3.89% decrease in price over the last 24 hours, continuing a negative trend with a 6.0% loss over the past week. The trading volume for UNI has decreased by 38.0%, and its circulating supply has slightly decreased by 0.56%, bringing it to 753.77 million. Currently, UNI's market cap ranks it #19 at $10.19 billion.
March 14, 2024 | 7:03 pm
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NEGATIVE IMPACT
Uniswap (UNI) has experienced a 3.89% price drop in the last 24 hours and a 6% decrease over the past week, with a significant 38% reduction in trading volume and a slight decrease in circulating supply.
The significant price drop of 3.89% in the last 24 hours, coupled with a 6% decrease over the past week, indicates a negative short-term trend for UNI. The decrease in trading volume by 38% suggests lower market interest or liquidity, potentially leading to further price volatility. The slight decrease in circulating supply might typically suggest a positive price pressure, but given the context of decreasing prices and volume, it does not seem to counteract the negative trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100