{"id":624394,"date":"2024-06-13T15:30:05","date_gmt":"2024-06-13T15:30:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=624394"},"modified":"2024-06-13T15:48:15","modified_gmt":"2024-06-13T15:48:15","slug":"uni-in-trouble-key-indicators-cites-potential-drop-amid-market-downturn","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/uni\/uni-in-trouble-key-indicators-cites-potential-drop-amid-market-downturn\/","title":{"rendered":"UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn"},"content":{"rendered":"
Uniswap<\/span><\/a> (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.\u00a0<\/span><\/p>\n Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases.<\/span><\/p>\n This article delves into UNI’s price analysis with the help of technical indicators to determine the anticipated decline and provide insights into what traders and investors might expect in the coming days.<\/span><\/p>\n The price of Uniswap has increased by 4.60%, trading at about $9.873 in the last 24 hours, with a market capitalization of more than $5.9 billion and a trading volume of more than $356 million as of the time of writing. UNI\u2019s market cap and trading volume were also up by 4.28% and 19.98%, respectively.<\/span><\/p>\n On the 1-hour chart, UNI is attempting to move below the 100-day Simple Moving Average (SMA) as it has failed to move above the bearish trendline. It can be suggested here that Uniswap might go<\/span> bearish<\/span><\/a>.<\/span><\/p>\nUNI Builds Bearish Sentiment<\/strong><\/h2>\n