The total cost of Uniswap (TVL) has fallen sharply by more than 10% over the past 30 days. This reflects a wider decrease in the activity of decentralized financing (Defi) on polygons.
According to Defalllam, TVL Uniswap currently costs $ 108 million, which has decreased by 11.5% by 11.5% by 11.5%.
In addition, this fall indicated a tendency to reduce Defi in other DEFI protocols, such as AAVE and Balancer, whose TVL also fell during the same period.
Uniswap, however, remains one of the significant Defi platforms, despite its rollback. The total value of assets blocked on polygons is about $ 844 million.
The price of the station wagon in tandem with the fall of TVL
According to the study, TVL Uniswap fell from a peak of $ 4.91 billion on November 8 to 3 billion dollars. USA by December 3.
This fall was compared with the native token Uniswap, the price of UNI, which is reduced in cost.
Over the past 30 days, UNI has fallen a little more than 9%, from almost $ 16 to the current trading price in the range of $ 12.
CoinmarketCap and TradingView diagrams also indicate that market sentiments around token were usually bearish.
The price cascade noted the recent price of UNI. However, at the end of January we saw a little rebound in the range from 11.50 to $ 12.
There are many reasons for reducing prices at the university. Firstly, in general, Defi IngGence has fallen. This is mainly due to the apathy of the online trader and macroeconomic uncertainty.
Therefore, the volume of bidding was reduced. The competition between Defi products, namely the new solutions of the 2nd layer 2 and other decentralized exchanges, also influenced TVL and Uniswap token.
Market prospects and prices at the university
From our point of view, technical indicators, the short -term UNI prospects remain in accordance with the current short -term tendency of volatility.
The shaded area in the diagram below is a descending channel, where the price moves in lower maximums and below.
The fact that the price cannot break this trend and begins to move down is exactly the pressure of the sale that we are used to seeing.
Nevertheless, the last price action seems to have disappeared from this descending channel.
The Uni/USD impulse has changed, as the couple rose above the upper strip of the trend.
A more significant participation of the buyer is also obvious due to the noticeable increase in the breakthrough supported by the bull volume.
The asset can take higher resistance levels if this impulse can stick.
$ 11.96 here tests the previous level of consolidation, which can provide slight resistance before pressing to a higher level.
An increase above this level may be a successful signal for re -testing the range from 12.50 to $ 13.00, which was rejected in the past.
If, on the other hand, UNI rejects this level and does not make higher minimums, support can be re -checked in the zone $ 11.50 – 11.30 US dollars.
Can UNI save the bull strip?
Delta Volume analysis shows the increasing volume of green rods, which indicates the tomal activity of Delta Net.
This is a positive confirmation that a recent breakthrough is real. Nevertheless, maintaining a higher volume will be equally important for maintaining this bull strip.
If the volume decreases as the price grows, weaker subsequent actions are observed, and the risk of rollback increases.
Looking at the overall structure, we can assume that UNI/USD has discovered a local bottom of about 10.50 dollars, and this breakthrough can lead to a splash of the trend.
