- Metrics and magical dials imply—perhaps while winking—that a cautious optimism may be permitted
- Price has ascended since May, like a bureaucrat climbing stairs: not without peril, but certainly upwards
Ah, Uniswap [UNI]. Who among us has not, at some point in their lives, felt a kinship with a token suffering through humiliation? From December’s joyous acrobatics atop $19.47, to the April collapse at $4.55—one could nearly hear the thud!
And yet—since the curious days of mid-May—a feeble, yet persistent, ascent began, with the mysterious 50-day moving average serving as a guardian angel or a fatally sleepy watchman, depending on how you prefer your metaphors. As we speak, the on-chain shenanigans suggest Uniswap’s halls are filling with slightly more guests—perhaps all there for the free hors d’oeuvres?
If one squints just the right way, the 7-day moving average of transaction count rises as steadily as the price of potatoes in a provincial market. Demand for UNI! Use it, lest it use you.
The DEX too relished heightened trading volume through May and June—as if a carnival arrived, tossed confetti, then left behind bent spoons and subtle regret. Now trading volume droops, beginning its own melancholic ode in late June and July. Is this the first, faint cough before a full-blown fever? 🤒
Uniswap Futures and Spot: The Duel of the Century (or At Least This Fiscal Quarter)
Behold—CryptoQuant, armed with a ruler and a monocle, measures retail activity as if deciphering tea leaves at the bottom of an empty glass.
High retail activity often means the party’s overextended: shoes are off, ties are on heads, no one remembers how the sofa got on the roof. Such highs reared their heads in December 2024, January 2025, and, recently, as if on schedule.
Meanwhile, lurking in the shadowy corners—the spot taker CVD. Since mid-May it’s been bullish, puffing itself up like a goose that’s just discovered rye bread.
Currently, the 90-day spot CVD rises optimistically, suggesting that aggressive taker buys outrun Futures’ noisy rabble. But alas, one metric’s sunrise is another’s ominous storm cloud. 🔮
The 1-day chart sings a bullish tune—the RSI, pleased with itself, prances above 50; the price lounges above not one but two moving averages, basking in fleeting glory. Yet, the CMF wallows at -0.1, as capital flees in droves, perhaps to buy potatoes.
Collectively: signals abound, directions clash, and the $8 resistance stands tall—like a stubborn bureaucrat at a paperwork checkpoint. Those who wish to swing (not literally—unless that’s your thing) might wait until $8 is dignified as support. Meanwhile, everyone else should clutch their tokens a little tighter, wary of bearish wolves in bullish clothing. 🐺✨
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2025-07-07 08:15