Uniswap Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (UNI) has experienced a 7.73% price drop in the past 24 hours, contrasting with its 8.0% uptrend over the past week. Trading volume has decreased by 28.0% while circulating supply increased by 0.2%. The current market cap ranking for UNI is #20 at $7.67 billion.
May 31, 2024 | 7:03 pm
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NEGATIVE IMPACT
Uniswap (UNI) has seen a significant price drop of 7.73% in the past 24 hours, despite an 8.0% increase over the past week. Trading volume has decreased by 28.0%, while the circulating supply has slightly increased by 0.2%.
The significant drop in Uniswap's price over the past 24 hours, coupled with a decrease in trading volume, suggests a bearish short-term outlook. The slight increase in circulating supply adds to the downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100