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![Is Uniswap [UNI] shooting for stars after its listing on Robinhood](https://cryptonoiz.com/wp-content/uploads/2022/07/ines-pimentel-opkaRk20tAw-unsplash-1-1000x600.jpg)
In a tweet on 14 July, dealer and cryptocurrency trade platform Robinhood announced the addition of Uniswap’s UNI to its crypto buying and selling platform. Following the announcement, the worth of the native token rallied by over 20% through the intraday buying and selling session.
Nicely, the token is at the moment ranked #18 on CoinMarketCap with a market capitalization of $5.14 billion. At press time it was up by 13% within the final 24 hours. Buyers have continued to fill their baggage with UNI tokens. Here’s a have a look at the token’s efficiency following the itemizing on Robinhood.
‘UNI’-que worth rally
Exchanging palms at $6.97, a 13% uptick was recorded within the worth of UNI within the final 24 hours. This got here after the token registered a excessive of $7.14 within the early hours of the buying and selling session on 15 July. Moreover, throughout the final 24 hours of Friday (15 July), an 18.77% uptick was logged within the quantity of UNI tokens which were traded.
Additionally seeing a progress within the interval beneath evaluation was the token’s market capitalization. At $5.14 billion throughout press time, the token’s market capitalization registered a 12% progress during the last day.
On the time of writing, elevated shopping for stress was noticed. On a each day chart, at press time, the Relative Strenght Index (RSI) of the token marked a spot at 67.40 whereas the Cash Circulation Index (MFI) was noticed at 70.32.
Supply: TradingView
Buying and selling at its January 2021 degree, the worth of the token has been on a downtrend since Could 2021. On the time of press, the UNI was 44% shy of its all-time excessive of $84.45 recorded in Could 2021.
On-Chain efficiency
Regardless of the addition to Robinhood and a major uptick in worth, UNI didn’t see any traction on the social entrance within the final 24 hours. It noticed a 54% decline in its social quantity. At press time, this was pegged at 54.
UNI, nevertheless, managed to attain a 22% uptick in its social dominance throughout the interval beneath evaluation. On the time of writing, this was 0.59%.
Supply: Santiment
Surprisingly, the variety of distinctive addresses that transacted the UNI token within the final 24 hours dropped. 364 addresses at press time, a 74% decline in each day energetic addresses on the community was registered within the final 24 hours.
The mixture quantity of UNI tokens throughout all transactions accomplished within the final 24 hours fell from 20.33 million to 2.57 million.
Supply: Santiment
With the RSI and MFI deep in overbought areas, such positions are normally adopted by a bearish retracement. Therefore, warning could be required.
