$UNI
The one-day price chart for Uniswap confirms a downward trend in the market. The UNI/USD pair is hovering near the $6.14 level as the bearish trend returns. The bearish push has significantly decreased the price, as a red candlestick on the chart signifies selling pressure.
The distance between the Bollinger Bands highlights the intensity of volatility. This distance is slowly widening, leading to increased volatility. Moreover, the upper limit of the Bollinger Bands indicator, acting as the resistance, has shifted to $6.29, whereby its lower limit, indicating support, has moved to $4.82.
The Relative Strength Index (RSI) is trending in the neutral region. The indicator’s value was recorded at 56 today. The downward curve on the RSI signifies a bearish trend, and more instability can be expected if the selling momentum intensifies and the indicator’s score decreases further.