$100 billion.
That's how much Robinhood Chain cleared on Uniswap in 125 days — the fastest any chain has reached it. On November 2 the SEC clarified that governance-token holders voting through a decentralized mechanism generally don't form a controlling group, and the chain's TVL passed $1.07 billion. I read that as the protocol's best week yet.
And $UNI fell 10.4% anyway.
Thursday took it down 10.4% to $6.85 on $100.8 million of Binance spot volume, the majors' steepest drop. The damage came in one print: a 4-hour candle fell $7.43 to $6.59 on $44 million, the heaviest print. UNI now sits under its 20-day at $7.11 and its 50-day at $7.94, with $7.82 the ceiling above.
$6.59 is yesterday's low, and a daily close under it opens $6.25, the October 30 low. The protocol is winning while the token bleeds.
A daily close back above $7.11, or a second $44 million flush candle — which print settles it for you? NFA, DYOR.
$UNI #Uniswap #DeFi #CryptoNews #Altcoins
That's how much Robinhood Chain cleared on Uniswap in 125 days — the fastest any chain has reached it. On November 2 the SEC clarified that governance-token holders voting through a decentralized mechanism generally don't form a controlling group, and the chain's TVL passed $1.07 billion. I read that as the protocol's best week yet.
And $UNI fell 10.4% anyway.
Thursday took it down 10.4% to $6.85 on $100.8 million of Binance spot volume, the majors' steepest drop. The damage came in one print: a 4-hour candle fell $7.43 to $6.59 on $44 million, the heaviest print. UNI now sits under its 20-day at $7.11 and its 50-day at $7.94, with $7.82 the ceiling above.
$6.59 is yesterday's low, and a daily close under it opens $6.25, the October 30 low. The protocol is winning while the token bleeds.
A daily close back above $7.11, or a second $44 million flush candle — which print settles it for you? NFA, DYOR.
$UNI #Uniswap #DeFi #CryptoNews #Altcoins
