![Can Uniswap [UNI]’s short sprint turn to a green marathon in the coming months?](https://i.headtopics.com/images/2022/7/16/cryptoamb/can-uniswap-uni-s-short-sprint-turn-to-a-green-marathon-in-the-coming-months-1548375269651537921.webp)
You would agree that 2022 has not been the best year for cryptocurrencies. However, Uniswap [UNI], the automated liquidity protocol, seems out of place with that reality. After outperforming many of the top 20 coins in the second quarter (Q2), UNI is at it again. At the start of the Q3, UNI began another excellent […]
, the automated liquidity protocol, seems out of place with that reality. After outperforming many of the top 20 coins in the second quarter , UNI is at it again.
At the start of the Q3, UNI began another excellent run. The coin price was $4.72 on 1 July. However, it took the same strength it had in Q2 to reach $5.62 on 8 July. That is not even the bone of contention. On 14 July towards 15 July, many of the top coins gained substantially. After a short while, it was back to the red. Interestingly, UNI did not follow suit. At press time, the coin had gained 2.41% over the last 24 hours, while it maintained its 10.93% rise in the past seven days. So, will UNI take this excellentFrom its four-hour chart, UNI seems to be sailing the coast brilliantly. The Relative Strength Index at press time was 61.89, indicating a good buying momentum. While it had dropped from its overbought level of 74.
As with the market cap, UNI improved. It increased from $4.71 billion to $5.06 billion at press time.. Between 14 and 15 July, it increased from 444 to 475. However, it has remained constant at the same level it was. With this stability, it may seem that UNI may replicate its performance in Q2. While active deposits increased in the early hours of 16 July, it has sufficiently reduced.
Hence, these metrics may not support a continued price increase for UNI. However, the possibility of improving its last three months’ performance remains high.Subscribe to get it daily in your inbox.
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