Decentralized Finance Sector Loses Investor Confidence After Hack Attacks

Although AAVE has risen 12.6% in the past 24 hours, the RSI at 50.38 remains in neutral territory, and the price is trapped between the SMA20 (95.93) and SMA50 (94.83). The MACD line continues to stay below the signal line, indicating weak short-term momentum. News headlines reflecting confidence concerns in the DeFi sector may unsettle investors. Therefore, the current technical consolidation and negative news flow could cause the price to trade sideways for a while before determining a direction.

1INCH carries mild short-term upside potential, with the RSI at 62 and the MACD remaining above its signal line. However, news headlines indicate declining investor confidence due to hack attacks in the DeFi sector, which could pressure DeFi tokens like 1INCH. The proximity of SMA20 and SMA50 suggests the price is in a direction-determining phase. As a result, a balance emerges between weak positive signals from technical indicators and negative news flow, making a clear directional forecast difficult.

UNI's RSI has reached 71.6, nearing overbought levels, which increases the likelihood of a short-term correction. News headlines indicate that hack attacks in the DeFi sector are negatively impacting investor confidence, potentially putting pressure on DeFi tokens like UNI. Although the MACD remains bullish, the overbought signal combined with negative news flow could trigger selling pressure in the near term. While UNI remains above the SMA20 and SMA50, supporting a medium-term uptrend, a short-term bearish move is possible.