Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Decentralized Exchange has gained 10.17% to $9.11.
Moderately Volatile
InvestorsObserver gives Uniswap a moderate volatility rank of 50, placing it in the top 50% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
UNI’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Uniswap price is trading above resistance. With support near $7.86 and resistance near $8.66. This leaves Uniswap out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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