Uniswap underperforms as traders reduce exposure to DeFi blue chips during market uncertainty.
What's Happening:
UNI drops 1.81% to $5.38, underperforming broader market
DeFi TVL remains stable despite token price weakness
Uniswap v4 development continues with new hook implementations
DEX trading volumes stay elevated despite risk-off sentiment
Why It Matters: Uniswap's price decline reflects DeFi's sensitivity to macro uncertainty rather than protocol fundamentals. As the largest DEX by volume, UNI remains the bellwether for DeFi sentiment. The disconnect between stable TVL and falling token prices suggests value accumulation opportunity for long-term believers.
Technical View: $UNI breaking below $5.40 short-term support is concerning for bulls. The $5.25 daily low now serves as critical support, with $5.49 overhead resistance. Volume elevated during the decline suggests some capitulation occurring. Recovery requires reclaiming $5.50 convincingly.
🎯 Key Levels:
Support: $5.25 | Resistance: $5.49
24h Range: $5.25 - $5.49
💡 Protocol revenue doesn't care about token price - Uniswap prints fees while traders panic
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Uniswap #UNI #DeFi #DEX #DecentralizedFinance
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
