Uniswap: Steady Performer or Wild Ride? Moderate Volatility, Low Risk Offer a Haven

Is Uniswap a Wild Ride or a Safe Haven?

Uniswap (UNI) has been a steady Eddie in the crypto world, with less volatility than many of its peers. As of Wednesday, DeFi's darling has dipped 1.67% to $12.58.

Moderate Moves

InvestorsObserver rates Uniswap's volatility as a lukewarm 37, putting it in the bottom 37% of cryptos. Don't expect any wild swings, as the Volatility Gauge shows that a single day's performance isn't likely to shake things up.

Low Risk, Moderate Reward

Uniswap's moderate volatility pairs nicely with its low Risk/Reward Gauge reading. In other words, it offers both moderate price fluctuations and protection from market manipulators.

Room to Run

The future looks bright for Uniswap. Support sits at $12.22, while resistance lurks around $12.70. This gives UNI some wiggle room before it hits any selling pressure.

What's a Token, Anyway?

Tokens are digital assets that live on another cryptocurrency's blockchain. Think of them as the cousins to popular coins like Bitcoin and Ethereum.