UNI (Uniswap) rose 8.45% in 24 hours

Gate News Bot News, July 10, according to CoinMarketCap data, as of the time of writing, UNI (Uniswap) is currently priced at $8.34, with a rise of 8.45% in the last 24 hours, reaching a high of $8.49 and a low of $6.80, with a 24-hour volume of $728 million. The current market capitalization is approximately $5.242 billion, an increase of $408 million compared to yesterday.

Important recent news about UNI:

1️⃣ Strong spot buying demand drives price rise Over the past three months, the 90-day cumulative trading volume difference (CVD) of UNI has consistently remained positive and has been rising, indicating that the market is in a buy-side dominant phase. This strong demand for spot buying is likely one of the main factors driving the recent rise in UNI's price.

2️⃣ Large amounts of funds withdrawn from centralized exchanges A large wallet address has withdrawn a total of 619,836 UNI tokens from centralized exchanges over the past 3 days, with a total value of approximately 4.6 million USD. This large-scale fund movement may reflect a portion of investors' long-term optimistic attitude towards UNI, while it may also have a certain impact on market liquidity.

3️⃣ Technical indicators show positive signals The current price of UNI is above the 20-day and 50-day moving averages, and the Relative Strength Index ( RSI ) is above the neutral level of 50, indicating a bullish momentum in the short term. However, the Chaikin Money Flow ( CMF ) is at -0.1, indicating that there is still some selling pressure.

On the technical side, around $8 may become an important resistance level for UNI. Although several indicators show bullish signals, investors should remain cautious of potential price corrections given the high retail activity in the futures market.

This message is not intended as investment advice; investors should be aware of market volatility risks.