UNI price reaches $7.698 per coin, up 3.54% on the day

Uniswap price quote for today, UNI latest price breaks to $7.698, up 3.54%, trading volume $188 million 
According to the k-chart, it is currently in an oscillating trend. Compared to 15:00 it is more sharply up, it has recovered from 13:00 and broke through the high of 16:00. Rising prices but falling trading volume usually means that the upward momentum of the market is weakening and the number of buyers is decreasing.
This volume-price divergence may be due to a lack of selling. In this case, the price may retrace or move sideways in the future. Due to the lack of trading volume support, the price rise may be unsustainable and investors should be alert to the risk of price retracement at higher levels.
It is advisable to keep an eye on whether the trading volume can keep up with the price rise and whether there is new buying intervention. Trading volume is decreasing and price is rising. Judging by the Williams indicator, it is currently not overbought or oversold. The volume of trading has decreased recently, the trading volume is lower than in the previous hours, the price is rising and the trading volume is falling: the upward momentum is weakening.

Upward momentum is weakening, we recommend to wait and see, pay attention to the trading volume and new buyers, and be alert to the risk of price fall back.
The above is for reference only and does not constitute investment advice.