In the past 24 hours, Uniswap (Uni) Prize increased by more than 21 percent to act at around $ 8.27 on Tuesday 10 June during the Late North -American session. The Mid-Cap Altcoin, with a fully diluted appreciation (FDV) of around $ 8.24 billion, registered an increase of 400 percent in its daily average volume traded to around $ 1.16 billion at the time of this letter.
As a result of the sudden uni price dump today, about $ 3 million was liquidated by lever traders, with short traders consisting of more than $ 2.4 million.
Uniswap benefits from Defi Renaissance
As Coinpedia reported at the start of this week, the Defi Altcoins will probably lead in an expected altical season after regulatory clarity in the United States. During the Crypto Task Force of the SEC on Monday, chairman Paul Atkins emphasized that the Agency was dedicated to issue clear crypto instructions to make seamless acceptance of Defi protocols possible in the near future.
The announcement preferred Uniswap, a top -dex on the Ethereum (ETH) network. Moreover, the American SEC has recently closed its investigation against Uniswap, after an arrangement between Dec and the CFTC.
What kind of price now?
In the weekly period of time, the UNI price has been consolidated since April 2024 after a successful Bullish Breakout of the 2022 Berenmarkt. In recent weeks, the UNI prize has successfully returned from the lower border of horizontal consolidation.
In the four-hour time frame, the UNI prize successfully broke from an inverted head and shoulders (H&S) pattern. With the four-hour relative strength index (RSI) that has risen above the 70 percent level, the UNI price is well positioned to collect to the next target range between $ 15.2 and $ 18.6.