Despite the entire crypto market currently showing signs of strength, Uniswap’s governance token – called UNI – has been struggling throughout the past day, with sellers gaining full control of its near-term trend. The token is currently in the process of invalidating its bullish market structure as its price dives lower. This latest decline has…
Uniswap’s UNI governance token has been trading in close tandem with the rest of the blue-chip DeFi assets throughout the past few days. Although this has generally boded well for UNI, it has faced some pressure today due to a downturn across all DeFi assets. This decline has largely come about due to Bitcoin ripping…
Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price. Data from Uniswap indicates that against the U.S. dollar, coins such as UNI, Compound’s COMP, and Yearn.finance’s YFI, have slid lower by 1-5% in the past 24 hours. This slight move lower in the price action of these coins adds to…
Uniswap – the decentralized crypto exchange of choice amongst traders and investors – sent shockwaves throughout the market with the launch of their native governance token called UNI. The launch of UNI was unlike any other seen before because everyone who had used the platform to trade – or contributed to its liquidity – prior…
UNI is among those decentralized finance tokens that debuted with a bang but slowly rolled over to the bearish side on higher profit-taking sentiment. The UniSwap exchange’s governance cryptocurrency plunged by another 5 percent on Wednesday, hitting an intraday low of $4 as of 0900 UTC. The latest sell-off came as a part of a…
Uniswap’s newly released governance token – called UNI – has taken a serious beating throughout the past few days, with its price bearing witness to unrelenting selling pressure that has slowed its ascent and caused it to shatter multiple key technical levels. Analysts are now growing concerned with the cryptocurrency’s near-term outlook, as its latest…
UNI logged a rollercoaster opening session last week after rising by almost 2800 percent in just less than 24 hours. The token reached a record level of $8.59 following its free distribution among the users of UniSwap, a top decentralized cryptocurrency exchange by volume. It supplied about 150 million UNI tokens to its liquidity providers,…
Uniswap’s UNI token has taken a hit over the past few days. Although it isn’t the only cryptocurrency currently plunging lower as the market continues being plagued by uncertainty, it has been hit particularly hard. The recent news regarding the CFTC’s decision to pursue criminal charges against the BitMEX creators has contributed to the entire…
Uniswap’s UNI token has been struggling to garner any strong momentum as of late, with buyers and sellers largely reaching an impasse as the cryptocurrency trades within the lower-$3.00 region. It has been facing some heightened pressure in recent days due to the intensity of the sell-off seen across the aggregated altcoin market. Once again,…
Uniswap’s UNI token has been struggling to garner any sustainable upwards momentum over the past few days and weeks, with each rally being met with massive inflows of selling pressure that force its price lower. There are no immediate catalysts for it to see any significant upside, as it will still be quite some time…