Uniswap 57% price crash marks ‘DeFi depression’ for SUSHI, CRV, UNI

The 6-hour chart of UniSwap shows a 57% correction since its high at $8.65. Short-term relief is shown on the chart as UniSwap bounced with 35% in the previous days, but the trend still shows a downtrend.

The chart of SushiSwap is less bullish than UniSwap but shows a few signals of a potential trend reversal. If a particular asset goes into positive or negative price discovery, the Fibonacci extension tool is to define potential target zones, as seen with CRV.

Timeline of Sushiswap, Uniswap, Curve-dao-token