Uniswap falls 30% from peak as Binance UNI inflows hit yearly high above $40 million
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In his assessment published today, crypto analyst Darkfost pointed out the pressure on the price of Uniswap's UNI token from assets flowing into exchanges. According to the analyst, UNI is going through a distribution period after a strong rise. According to the data, the altcoin has risen by approximately 370% from its June low. Uniswap's locked asset value exceeded $4 billion in September, while the decentralized exchange's trading volume reac…
UNI quotes in USD $7.31, with regression in several recent frames, daily volume much lower than its average of 30 days and mostly weak technical signals. It does not identify a specific catalyst confirmed for the downside; the immediate focus is on observable supports, volume recovery and distance against key mobile media.
Uniswap falls 30% from peak as Binance UNI inflows hit yearly high above $40 million
🟠Binance recorded over $40 million in daily $UNI inflows, hitting a yearly high. 🦊 Uniswap dropped more than 30% from its recent high, testing $7 support. 💡 Heavy inflows signal traders may be positioning for further volatility in $UNI. Continue Reading:Uniswap falls 30% from peak as Binance UNI inflows hit yearly high above $40 million
UNI Price Analysis: Exchange Inflows Hit Yearly Highs as $7 Support Faces Test
TLDR: Uniswap price fell more than 30% from its $10.90 peak as exchange inflows raised distribution concerns. Binance recorded daily UNI inflows above $40 million in late September, according to Darkfost. UNI’s $6.75-$7.00 support zone could underpin a double bottom if buyers defend it. A breakout above $7.60-$7.80 could open a path toward $8.80, according [...]
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