Why Uniswap TVL Data Is Wrong and How It Affects UNI Price

Uniswap (UNI) is seemingly in the end of its short-term correction and is trading inside a long-term support area. The post Why Uniswap TVL Data Is Wrong and How It Affects UNI Price appeared first on BeInCrypto.

Timeline of Uniswap

Uniswap price analysis reveals that the market is following an uptrend after a recent bullish stream. The market opened trading today at $5.27 and immediately began to surge upwards.

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.

Uniswap price analysis opened the daily market trading session at $5.88, as the bulls kept pushing higher after yesterday's close at $5.70. The market bulls pushed UNI/USD prices as high as $5.96 but were met with some selling pressure that has seen the price retrace slightly back to where it currently trades around $5.88.

2 x 2 = 5 You know it's wrong, but when you first see it, you second-guess yourself and think: “Maybe something's wrong with my calculation”. Right? Well, that's exactly how I felt when I discovered that the liquidity and TVL (Total Value Locked) figures displayed on the Uniswap V3 user interface were completely wrong.

Uniswap price analysis reveals that the market is following a negative trend below the $6.2 mark and is likely to remain. UNI/USD had tremendous momentum the previous day, September 14, 2022, when the price went significantly from $5.9 to $6.2.

Uniswap price analysis has been on a steady decline over the past 24 hours, with the token losing over 1.79% of its value. The UNI/USD pair is currently trading at $6.15, after opening the day at $6.27.

Tezos price analysis reveals that the digital asset is currently in a bearish extension after it found resistance at $1.59. The bulls had attempted to push prices higher but failed as the market found support at $1.52, and if the market breaks below this level, it is likely to head towards $1.30.

A Uniswap (UNI) recent market downturn has forced UNI's trading range to shrink significantly. During the bull market in July, UNI jumped by more than 60 percent in just over two days, prompting the subsequent fall.

The recent correction in Uniswap coin price stalled at the combined support of 0.618 Fibonacci retracement level and $5.7. Over the past two weeks, the altcoin rebounded from this support twice, indicating a high accumulation zone.

Uniswap price analysis reveals that the UNI/USD value has been on a steady decline over the past few hours. The value has now dipped below the $7.00 level and is currently trading at $6.56.