UNI might not be among the best-performing cryptocurrencies over the last 7 days, but its press time position seemed to suggest an upcoming change. In fact, it was flashing multiple signs that make it a healthy candidate for investors looking for potential gainers next week.
Active addresses increased rapidly in the last 2 days to their highest level in 4 weeks. This was evidence of an influx in bullish demand.Another factor pointing to increasing buying pressure was the 30-day MVRV ratio after it bounced over the last 2 days.Source: Santiment UNI had only managed a slight uptick by press time. A disproportionate outcome, compared to the huge spike in daily active addresses. This suggested that retail buyers account for the active addresses spike. It might explain the lack of enough volumes to support a more significant price change.