Cryptocurrency

In the last 24 hours UNI’s price dropped by 5.3% as if recorded data from&nbsp; CoinGecko reaching a selling price of $7.7.The downward trend has been going on even in the past week the token has been on a bearish momentum. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/AB7KahDXTzwR96WtF78qyrpD38-V63dcMx1U2ioYmyoWycalJtjt0QtGalZcvrjYyKvP_f0qQh4Kv5gTpMLGSrTY66XOFRD2_l9LFlvzsyJIkCvglmng6-BXhpFG5XjfRrx_y6C_UsIZiT5yiQd7tRY" alt="AB7KahDXTzwR96WtF78qyrpD38 V63dcMx1U2ioYmyoWycalJtjt0QtGalZcvrjYyKvP f0qQh4Kv5gTpMLGSrTY66XOFRD2 l9LFlvzsyJIkCvglmng6">
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Source<a href="https://www.coingecko.com/en/coins/uniswap" target="_blank" rel="noopener">:coingecko</a> 
The token circulation supply has shown a slight increase of around 0.27%&nbsp; pushing it to over 753.766,667 million.As of market capitalization its value is $5,305,184,725 billion which is also a drop. 
<img decoding="async" src="https://lh7-us.googleusercontent.com/QFfa6_TujpRIzZMpu9tiy2Sywsi_ukvGsXnGAw7w6fA-jgN8WQuoVdEV7-zKGqO41wLJ0SJFPOSichD_foiGVCFaiRpg8ARG_0ounycsSyQajMrDXB3TvUV8VpmOV-dmVNxVa_S-IOenexQ4o-DAXyk" width="602" height="295" alt="QFfa6 TujpRIzZMpu9tiy2Sywsi ukvGsXnGAw7w6fA jgN8WQuoVdEV7 zKGqO41wLJ0SJFPOSichD foiGVCFaiRpg8ARG 0ounycsSyQajMrDXB3TvUV8VpmOV dmVNxVa S IOenexQ4o DAXyk">source:<a href="https://www.tradingview.com/chart/?symbol=COINBASE%3AUNIUSD" target="_blank" rel="noopener">Tradingview</a> 
Narrow bollinger bands from UNI’s chart signify a decreased volatility which can actually lead to a breakout in either direction.The price may either move upwards or continue with its current downward trend. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/EetEGb0eWDoRZKUxBplMJz-43emF22gio8l7ClhuPeL9yCcBcjBkHKZWOrVFezVM1rFMWgYif8Vs3sa_3RX2jzAA-8hKNaWSfsJ24Xa3-GbAz16u9si7dLs1b637TK9LfqvVWx9k-n8cr7KBC0Lwxwo" alt="EetEGb0eWDoRZKUxBplMJz 43emF22gio8l7ClhuPeL9yCcBcjBkHKZWOrVFezVM1rFMWgYif8Vs3sa 3RX2jzAA 8hKNaWSfsJ24Xa3 GbAz16u9si7dLs1b637TK9LfqvVWx9k">
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Cryptocurrency markets still show much volatility, and UNI’s recent price drop simply follows this industry pattern. The reasons for the fall remain unseen, yet, it is worthwhile to analyze the issue from the point of view of overall market sentiment and the possible regulatory changes which may be considered in the crypto domain. 
Also Read:<a href="https://www.cryptotimes.io/2024/05/11/fireblocks-plans-for-a-new-york-regulated-trust-company/">Fireblocks Plans For A New York-Regulated Trust Company</a>

UNI Price Drops 5.3% in 24 Hours: Market Volatility Continues

The Crypto Times

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