Uniswap forms a Bullish Megaphone as the amount of quantity is destroyed

Unisvap’s token fell on a crucial support, even as Unichain, his meal-2 network, continued his powerful momentum.

Unisvap (Uni) The price fell to $ 5.26 on Saturday, on Saturday, over 72% of her highest point this year and floats at the lowest level of 5. August.

The decline is due to the current sale at the crypto market because the tensions on trade continued. It also happened that he lost market share to other popular decentralized exchanges such as Raidium, orca and pancakes.

According to the Defi Llama, Uniswap crossed over 48 billion dollars in the last 30 days. Palakesvap has processed $ 33.6 billion, while Raidium and Orca ran $ 11.3 billion and 13 billion dollars, respectively.

On the positive side, Unichain, his recently launched layer-2 network, continued to get a market share. Protocols in the network have processed over $ 329 million in the last seven days, bringing their 30-day volumes to $ 301 million.

Unichain overtook the second network of larger layer and 2 and layer-2, including core, stacks, internet computer, scrolling, algorand and injection.

Unisvap launched Unichain to be a better chain for decentralized exchanges. It has cheaper execution, liquidity in the transverse chain and current transactions.

Meanwhile, Unisvap fees remained stable this year. Toward TokenterminalNetwork has processed over $ 301 million fees this year, higher than Etherum’s (El) $ 234 million and Aave’s (Take) $ 206 million.

Unisvap price analysis

Technically suggest that the unicija in Unige can be on the edge of the Buk’s interruption in a close idea. It fell on support to $ 5.25, which coincides from the trendline connecting the lowest levels of 2022. Years.

The price of Unisvap formed a giant megaphone sample, a popular bikovski sign. This form has two ascending and different trendlines.

Therefore, the coin will probably have a strong bullish break in the coming months while the bulls are aiming last year’s 30.32 dollars, which is 275% above current level. The fall below the lower side of the megaphone will be canceled by a bullview and indicates a drop to 3.4 dollars, the lowest level in 2022. Years.