Continuous selling pressure from rewards.
TVL is dropping with a probable support at 0.5B $USD.
No price support in sight, but maybe 1.5$ will hold, because staking rewards dropped dramatically.
It will inevitably reach that level if LP rewards will continue to increase due to lower TVL and no buy pressure is found.
TVL is dropping with a probable support at 0.5B $USD.
No price support in sight, but maybe 1.5$ will hold, because staking rewards dropped dramatically.
It will inevitably reach that level if LP rewards will continue to increase due to lower TVL and no buy pressure is found.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.