Uniswap Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has decreased by 4.26% over the past 24 hours to $11.2, continuing a weekly downward trend of -19.0%. The trading volume for UNI has fallen by 10.0% over the past week, while the circulating supply has increased by 0.28% to 753.77 million, representing 75.38% of its max supply. UNI's current market cap ranking is #19 at $8.43 billion.
March 19, 2024 | 7:02 pm
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NEGATIVE IMPACT
Uniswap's price has decreased by 4.26% over the past 24 hours to $11.2, with a weekly downward trend of -19.0%. The trading volume has decreased by 10.0% over the past week, while the circulating supply has increased by 0.28% to 753.77 million.
The decrease in Uniswap's price over both the last 24 hours and the past week, combined with a decrease in trading volume, suggests a negative short-term impact on UNIUSD. The increase in circulating supply without a corresponding price increase further supports a bearish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100