uniswaptvl

100%——This is the recent increase in Uniswap protocol TVL, nearly doubling. But the $UNI price has only risen by 3.85%, and at this moment it's stuck at 3.40, the same number as 24-hour peak.

――― Direction: Fundamentals are accelerating, while the price is standing still. I’ll hand the decision over to the 3.40 level—not the TVL number.

A doubling in on-chain locked positions usually needs to be realized in the price. This time it hasn’t been—though the volume has cooperated: the hourly candle from 3.31 to 3.39 printed 1.8 times the average volume over nearly 30 hours. Real bids truly did come in. The issue is that RSI(14) is already at 75.5. The high point marked by that volume candle is now just under the current price, which is not moving—like the buying momentum ran out right as it hit the old high point below.

The news that TVL doubled came out only 7 hours ago, and it hasn’t been fully priced in yet. That’s the difference from “trading old news.” But with overbought conditions stacking on top of a stall, I won’t chase the price now. If it holds above 3.40 and breaks out on increased volume (not a low-volume scrape-up), then I’ll add a small position. If it’s below 3.36, I’ll treat this push as a false breakout and cancel the watch. My stop-loss is set at 3.31—that’s the starting point of the high-volume candle. A break below would mean this round of buying power is already exhausted.

$UNI is currently in a state where fundamentals are leading and the price is lagging. I’ll wait for the price to catch up, not wait by charging in first.

#UniswapTVL #UNI breakout