Uniswap price charts bearish crossover as network fees decline, will it crash?
The post Uniswap price charts bearish crossover as network fees decline, will it crash? appeared on BitcoinEthereumNews.com.
Uniswap price risks a drop to $3.3 in the coming sessions if it confirms a break below a key trendline support on charts. Summary Uniswap price fell to $3.85 after repeated rejection at $4.20, with a potential drop to $3.30 if key trendline support breaks. Network activity weakened, with TVL falling to $3.31 billion and weekly fees dropping sharply, signaling reduced usage. Bearish momentum builds as futures open interest declines and indicators turn negative, while a rebound above $4.10 could revive bullish structure. According to data from crypto.news, Uniswap (UNI) price fell 3.8% on Wednesday, March 18, to $3.85 at the time of writing. The token fell after a series of failed attempts by bulls to break past $4.20, a resistance level that held firm at least three times this week. Beyond the price action, Uniswap has been struggling with a significant slump in network activity. Data from DeFiLlama shows that the total value locked on the platform has plummeted to $3.31 billion, which is significantly below the $6.3 billion record set in August last year. At the same time, the weekly fees generated by the DeFi protocol on the network have shrunk to nearly one-fourth of the levels recorded in October. Source: DeFiLlama Demand in its futures market has also dropped, leading to a visible cooling of investor sentiment. According to data from CoinGlass, the open interest in Uniswap futures has dropped 5.8% over the past 24 hours. The altcoin also tanked as investors turned cautious ahead of the Federal Reserve rate decision scheduled for later today. At press time, the broader crypto market had dropped 1.8% to $2.56 trillion, while Bitcoin (BTC), Ethereum (ETH), and other major coins also printed red. On the daily chart, the Uniswap price is on the cusp of breaking below an ascending trendline…
Filed under: News - @ March 18, 2026 2:25 pm