Uniswap (UNI) has been relatively less volatile compared to the crypto market. So far Saturday, the Decentralized Exchange has fallen 4.42% to $17.16.
Low Volatility
InvestorsObserver gives Uniswap a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
UNI’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Uniswap price is in a favorable position going forward. With support around $15.99 and resistance around $17.74. This leaves Uniswap with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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