CandleFocus Uniswap (UNI) Volume Spikes 150% as Upbit Expands Trading Pair Offerings
2024-10-22
Author: Content Editor
Uniswap's trading volume has surged by 150% to over $400 million within the last 24 hours after the South Korean exchange Upbit listed new trading pairs for the altcoin. The increased volume caused UNI's price to rise above $8. The addition of new trading pairs on Upbit indicates growing interest in UNI from the Asian market. The surge in volume is accompanied by a rise in the number of active addresses on the Uniswap protocol, indicating growing user engagement. UNI's price surge also broke out of a descending triangle pattern on the daily chart, suggesting the altcoin could continue to rise to $9.04 or even $11.51. However, if trading volume drops, the altcoin's value could potentially sink to $5.62.
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