Uniswap (UNI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Decentralized Exchange has advanced 3.16% to $9.6.
Moderately Volatile
InvestorsObserver gives Uniswap a moderate volatility rank of 31, placing it in the bottom 31% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
UNI’s moderate volatility reading is paired 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 $9.03 and resistance around $9.53. 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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