đ„ AMBCrypto Analytics: What to expect from $UNI ?
While the tokenâs price increased, its social volume also rose, reflecting its popularity in the crypto space.
However, its weighted sentiment dropped last week. This clearly meant that bearish sentiment around the token was rising, hinting at a possible price correction.Â
As weighted sentiment dropped, a few of the market indicators also turned bearish on the token. For example, the Chaikin Money Flow (CMF) registered a sharp decline in the last few days.
The Relative Strength Index (RSI) also entered the overbought zone. This might exert selling pressure on the token, resulting in a possible end to the on-going bull rally soon.Â
Additionally, Uniswapâs price touched the upper limit of the Bollinger Bands, further suggesting that UNIâs price chart might turn red.
Nonetheless, the MACD favored the buyers as it displayed a bullish upper hand in the market.
As of the moment of report, $UNI is trading for $12,91 on WhiteBIT exchange
