💥 AMBCrypto Analytics: $UNI Price Analysis
The analysis of Santiment’s data revealed that UNI’s supply on exchanges dropped while its supply outside of exchanges increased, meaning that buying pressure was high.
However, the big players in the games, whales, actually sold their holdings as UNI’s supply held by top addresses fell.
A possible reason behind this was revealed when we took a look at Hyblock Capital’s data. We found that a substantial amount of UNI will get liquidated when its value touches the $14.6 mark.
A hike in liquidation means high selling pressure, which might put an end to the token’s bull rally in the coming days.
To check what to expect from UNI, AMBCrypto analyzed Uniswap’s daily chart. They found that UNI’s price was entering a less volatile zone, as revealed by the Bollinger bands.
Its MACD also displayed a bearish crossover, further suggesting that the bull rally might end soon. Nonetheless, the Money Flow Index (MFI) registered an uptick, which was a bullish development.
At the moment of report, $UNI is trading
- $14,1443 on KuCoin exchange;
- $14,1577 on WhiteBIT exchange;
- $14,157 on Binance exchange
