Coins
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Uniswap
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2022-11-24

The bleeding market: Uniswap loses 6% between November 18 and November 24 as the selling pressure grows.

The price of Uniswap was falling last from November 18 until November 24, giving enough reason to conclude that the market is bearish. UNI has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

The volatility has been suppressed, as the Uniswap price action suggests. Our comprehensive data indicates that the price change of UNI has been moderate on the back of the average volatility of 6% for the given time period. The coin was the most volatile on November 18, when the range of its price fluctuations reached 6.67%. The price of the asset had fluctuated the least on November 22, when the volatility plummeted to 0%. The mild volatility during the period of review allowed the price of the crypto coin to remain stable and predictable.

There were no gains or losses to the UNI market on November 18, it remained flat. The price action of the coin remained bearish on November 19 as the bears pushed the price down by 1%. Uniswap posted the interim low at $5.52 on November 20 and then moved down by 3% and peaked at $5.81. UNI ’s performance during November 21 was the following: the price declined by 6% in conjunction with the acceptable trading volume. Uniswap finalized the trading day of November 22 at $5.26 after opening it at $5.15, though the price broke through that corridor to hit the 24H high at $5.37 and the 24H low at $4.98. The trading period on November 23 saw the crypto coin forming the price amplitude between the open at $5.27 and the close at $5.44, also interacting with $5.27 (24H low) and $5.27 (24H high). Between the 24H high at $5.55 and the 24H low at $5.42, the coin was traded in the $5.48 - $5.44 price corridor. Over the course of all trading sessions, the asset established the weekly low at $4.98 while buyers managed to push the price up to the weekly high at $6.01. Traders saw Uniswap covering the $0.36 distance between the weekly low and the weekly high, which constituted for a 6% move.

The past 7 days were marked by a change in average daily trading volume from $85 678 707 on November 18 to $109 211 921 on November 24. During the week before November 18, the trading volume of UNI flowed from $124 292 419 to $309 805 549. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 54%, and the 6% price shift.

The total market capitalization of Uniswap during the past 7-day oscillated between $4 334 500 341, the starting point that was established on November 18, and $4 156 239 319 on November 24, the end date of the reviewed period. When translated to percentage rate, the market capitalization of UNI over the past week adjusted by 4%. The 4% change in the coin's market capitalization affected the price rate that saw a 6% shift in the same time period. Uniswap ’s market capitalization from the week before changed by 4%, as the result of fluctuation between $4 335 997 316 and $4 334 500 341, to give a clearer vision of the current state of the market.

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Article date: November 24 | November 18 - 24

Market reviews for similar coins for November 18 - 24