Uniswap

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The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart.
Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most of its gains and lost 1.2% of its market value.
The Uniswap price technical outlook was bearish, and selling strength was higher, causing the price to drop further on its chart.
Although Uniswap tried to move in a different direction than the broader market, the bulls gave up. Bitcoin also lost the $19,000 price mark and is closing in on its immediate support level.
For the Uniswap price to revisit the $6 price mark, buyers need to re-enter the market.
Although just 48 hours ago the coin displayed a bullish stance, an increase in the number of sellers has invalidated the chance of a bullish revival.
The global cryptocurrency market cap today was $958 billion, with a 0.4% negative change in the last 24 hours.
Uniswap Price Analysis: One Day Chart
Uniswap was priced at $5.73 on the one-day chart | Source: UNIUSD on TradingView
UNI was trading at $5.73 at the time of writing. The coin was trading very close to the $6 mark. However, the buyers exited the market.
Overhead resistance for Uniswap price stood at $6, and if UNI can move over the $6.40 price level, the altcoin’s upward movement could be anticipated.
The nearest support level for the coin stood at $5. A fall from the $5 price mark could push UNI to trade near the $4 price zone.
The amount of Uniswap traded in the previous session indicated that selling strength increased on the one-day chart.
Technical Analysis
Uniswap depicted a fall in buying strength on the one-day chart | Source: UNIUSD on TradingView
The altcoin’s technical indicators note the bears taking over as buying strength dipped on the one-day chart. For most of the month of September, buying strength remained low for the altcoin.
The Relative Strength Index was below the half-line and that meant a lower amount of buying strength on the one-day chart.
Uniswap price was below the 20-SMA line. This meant bearishness for the coin. It meant that sellers were driving the price momentum in the market.

Uniswap depicted the onset of a buy signal on the one-day chart | Source: UNIUSD on TradingView
The technical outlook for Uniswap was also mixed as the indicators also picked up on buy signal for the coin. Despite buyers remaining low, indicators indicated that there could be a possibility of buy signal for the altcoin.
The Moving Average Convergence Divergence points toward the price momentum and overall price action of the coin. MACD underwent a bullish crossover and started to depict tiny green histograms as buy signals for UNI.
This meant that, with more buyers, UNI could recover its chart. The Chaikin Money Flow displays capital inflows and outflows. CMF climbed above the half-line, signalling more capital inflows compared to outflows.


Featured image from GreenBiz, chart from TradingView.com



The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart. Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most o...

newsbtc.com

Uniswap Price Loses Momentum, Are The Bears Back?

Uniswap Foundation, the organization that oversees the development of the largest DEX in the world, has stated that its first wave of grants sums up to almost $1.8 million total.
According to the official announcement, the grants vary in size and scope and are spread across three areas – protocol growth, community growth, and governance stewardship.
Uniswap Diamond
Uniswap Diamond is heralded as one of the most ambitious initiatives to be funded by Uniswap Grants. All ecosystem stakeholders are expected to benefit from this work.
The aim is to enhance the pro trader and LP experience, ramp up market share, and ease development and on-chain data analysis. For the purpose of historical and real-time on-chain data, API and SDK will be added, which is expected to be a game-changer for developers building on top of Uniswap, analysts, and end users.
Additionally, Diamond will also comprise a pro interface intended to increase Uniswap’s market share amongst pro users familiar with the features of a more traditional centralized exchange. Despite being a DEX leader, Uniswap only has around 1% of all crypto trading market share. Uniswap Diamond, however, aims to amplify that share by competing directly with the leading centralized platforms in terms of user experience and data.
The grant will be built by the cross-chain governance research – GFX Labs – which have been active Uniswap contributors since the beginning. Notably, the GFX team was one of the first liquidity providers on v3.
“We’re particularly excited about this grant because it represents the kind of ambitious, high-impact, long-term-oriented work that the newly created Foundation is uniquely able to support. We are also thrilled to build a stronger tie between GFX Labs – a talented development team that has already shown a strong commitment to Uniswap – and the ecosystem as a whole.”
Meanwhile, Uniswap.fish, Decentralized Volatility Oracle, and Numoen are also some of the prominent grants in addition to Diamond.
“Reinvigorating Governance”
The ambitious plan of Uniswap Foundation to streamline Uniswap’s Grant Program (UPG) and lessen friction in the protocol’s governance system became a reality last month. The initial proposal received over 99% of the votes from UNI holders in the affirmative.
Former Uniswap chief of staff, Devin Walsh, presented the proposal and earlier said the team had already been moving at a fast pace while delivering on its top priorities in areas such as building out its talent pool, ramping up the Uniswap Grants program and “reinvigorating the governance process.”
The post Uniswap Foundation Launches First Wave of Grants Totaling $1.8M appeared first on CryptoPotato.

The grants will be distributed across 14 recipients working on different projects.

cryptopotato.com

Uniswap Foundation Launches First Wave of Grants Totaling $1.8M


Uniswap (UNI) is seemingly in the end of its short-term correction and is trading inside a long-term support area.



Tokenterminal tweeted a chart of the cumulative volume for USDC pairs on Uniswap. While the volume was virtually zero in early 2020, it has been increasing sharply since May 2021. 



There has been an especially sharp increase in the USDC-WETH pair, which means that users are swapping their USDC stablecoin to buy wrapped Ethereum (WETH). 



The USDC-WETH band has been swelling at an especially sharp rate since Nov. 2021, likely in anticipation of the Ethereum Merge, which went live on Sept. 20.



Source: Twitter


However, recent reports have come to light that shows the total value locked (TVL) data is actually not accurate. The main reason for this is that TVL calculations do not account for swap fees. Each liquidity provider (LP) receives a 0.01 – 1% fee each time a trade is made, and it seems that TVL calculations do not account for this fee, which can be claimed by LPs at any time.



For example, while Uniswap reports the ETH/USDC pool TVL at $320 million, the correct value is just $175 million. Uniswap relies on the decentralized blockchain indexing service called The Graph. While its code is publicly available, it seems that the TVL calculations are amiss.



UNI breaks out



Despite this important matter that has not been handled, the price of UNI has broken out from a long-term descending resistance line, which had previously been in place since the May 2021 all-time high. The movement was also combined with a RSI breakout, increasing its legitimacy. 



However, the price failed to sustain its increase and has nearly returned to its pre-breakout levels. Currently, UNI is trading inside the $5.30 horizontal support area, and the weekly RSI has failed to move above 50. 



The closest resistance area is at $14.30.



UNI/USDT Chart By TradingView


The short-term chart suggests that a significant bounce is expected soon. The reason for this is that UNI Seems to have completed a five-wave downward movement (black) or is very close to doing so. There is strong support at $4.75, created by the 0.786 Fib retracement support level and a horizontal support area.



So, once UNI reaches this level, a considerable bounce would be expected. However, the direction of the long-term trend is still unclear. A weekly close below the $5.30 area would likely take the price towards a new all-time low, while a bullish weekly candlestick could be the catalyst for an increase towards $15.30.



UNI/USDT Chart By TradingView


For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here
The post Why Uniswap TVL Data Is Wrong and How It Affects UNI Price￼ appeared first on BeInCrypto.


Uniswap (UNI) is seemingly in the end of its short-term correction and is trading inside a long-term support area.
The post Why Uniswap TVL Data Is Wrong and How It Affects UNI Price￼ appeared first on BeInCrypto.


beincrypto.com

Why Uniswap TVL Data Is Wrong and How It Affects UNI Price￼

Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.08%
Ethereum Classic (ETC)
Ethereum classic (ETC) was one of the most notable movers on Monday, as the token fell by over 12% to start the week.
Following a high of $33.41 during the weekend, ETC/USD slipped to an intraday low of $27.91 earlier today.
The drop comes less than a week after ethereum classic was trading above $40.00, ahead of last Wednesday’s Merge.

Monday’s drop sees ETC move to its lowest point since July 27, when the token was trading near $24.00.
As of writing, earlier price declines have eased, with ETC now back above the $30.00 mark.
After a brief breakout, the 14-day relative strength index (RSI) is also tracking marginally above a support of its own at 40.95.

Uniswap (UNI)
Like ethereum classic, UNI was also in the red to start the week, as the token moved closer to a multi-month low.
On Monday, UNI/USD found itself trading below a support point of $5.50, with prices falling to as low as $5.42.
Similar to ETC, this is the lowest level UNI has hit since July, however in this instance the bottom occurred on July 11.

Looking at the chart, the sell-off led to the RSI hitting a floor of 36.15, with bears using this as a signal to secure previous gains.
Currently UNI is trading higher, with prices close to climbing above the aforementioned support point of $5.50.
Should this happen, bullish sentiment will likely begin to return, with traders likely looking to push the token above $6.00.
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Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.08% Ethereum Classic (E...

news.bitcoin.com

Biggest Movers: ETC, UNI Slip to 2-Month Lows on Monday

A Uniswap (UNI) recent market downturn has forced UNI’s trading range to shrink significantly. During the bull market in July, UNI jumped by more than 60 percent in just over two days, prompting the subsequent fall.
After this price increase, the weeks that followed showed a reversal pattern known as a “head and shoulders,” which eventually led to a price decline.
The price showed significant volatility over a 16-day period, as evidenced by the market’s historical statistics. This volatility pointed to a fierce battle between bulls and bears.


Chart: TradingView.com
The bears clearly won this war, as the price of Uniswap fell by 17.30 percent, as shown in the figure.
Prior to a price reversal, the regression channel shows the declining trend even more strongly. Due to this turn of events, the cost of Uniswap has risen from $5.745.00 to $6.459.00, a price hike of 13.54 percent.
Nonetheless, the coin went through another period of volatility as price swings were driven by bulls and bears. It happened after Uniswap bulls attempted a break above the 50% Fibonacci retracement line.

Chart: TradingView.com
The bears prevailed once again in the end. The coin’s price dropped by an additional 15.54 percent after this victory. The loss of 13.54 percent in nine days was fully wiped out by the catastrophe.
Uniswap’s trend has been on the rise since the most recent market meltdown, which has brought us to our current position. But a problem occurred as a result of the movement; it narrows to a point towards the conclusion.
The leading trend line served as resistance. The Stoch RSI rating indicates that the currency experienced a single strong sell signal at this point.


Uniswap Chart: TradingView.com
This alerted Uniswap speculators and traders to the possibility of another market correction. In this predicament, UNI’s price can only move in two directions: up or down.
1 – the price will surpass the psychological resistance of $6.8 and continue to rise, and
2 – Uniswap price will not stabilize at the 50% Fibonacci retracement level before retracing.
This speculative activity prevents dealers and investors from conducting business in the area. It stands at such a vital place as any breakouts can result in big gains and losses.
As of this writing, Uniswap bulls are aiming to hold their position above the 50% Fib mark.
If the price breaks upward, it will gain speed towards the 38.20 Fibonacci level and may perhaps surpass it. If the price falls, it should not fall below the $5.87 support level.

UNI total market cap at $4.5 billion on the daily chart | Source: TradingView.com

Featured image from Somag News, Chart: TradingView.com


A Uniswap (UNI) recent market downturn has forced UNI&#8217;s trading range to shrink significantly. During the bull market in July, UNI jumped by more than 60 percent in just over two days, prompting the subsequent fall. After this price increase, the weeks that followed showed a reversal patter...

Uniswap price	$5.68
Low - High 24H	$5.60 - $5.95
Market cap	$4.27B
Volume 24H	$78.75M
All time high	$44.92 -87.38% May 3rd 2021
All time low	$1.03 450.25% September 17th 2020
Genesis date	N/A

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