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After a prolonged monotonous price action, Uniswap could finally rally provided…
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The Defi sector has been steadily gaining momentum over the last few weeks. Primarily, because the total value locked (TVL) climbed to a new all-time high of $276.92 billion on 9 November. However, at the time of writing, it stood above $269.77 billion. On a macro level, the Defi sector seemed to grow. Even so, Defi tokens saw a hard time of late, especially Uniswap.
Uniswap has had a monotonous price action since early September. This, after the alt tested the $30 level and made its way down thereafter. In fact, on 28 November after recording a multi-week low of $18.5, UNI’s price saw a correction. At the time of analysis, the alt traded at $20.16.
Source: TradingView
Notably, over the last three days, Uniswap’s price has rallied by over
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