UNI price reaches $8.125 per coin, up 3.52 per cent on the day

UNI latest price: $8.125, up 1.51% in 24 hours, trading volume $164 million 
Based on the k-chart analysis, it is now in an oscillator trend. It rose more sharply compared to 12:00, recovered from 08:00 and broke above the 13:00 high. Rising prices but falling trading volume usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This volume-price divergence may be caused by a lack of selling. In this case, prices may retrace or consolidate sideways in the future as the lack of volume support makes it difficult to sustain price rises. Investors need to be wary of the risk of a pullback from higher levels and keep an eye on whether the trading volume can keep up with the price rise and whether new buyers are stepping in.
Market activity is low and momentum is weakening. The Williams indicator shows that the current market falls into the category of not overbought and oversold. The volume of trading has decreased recently, the volume of trading is lower than in the previous hours, the price is rising and the volume of trading is falling: the upward momentum is weakening.

Upward momentum is weakening, we recommend caution and wait and see, pay attention to market sentiment and trading volume changes.
The above is for reference only and does not constitute investment advice.