$UNI stabilizes at $5.80 as the DAO activates the historic "UNIfication" proposal, burning 100M tokens and flipping the value accrual switch.
What's Happening:
UNI trades at $5.80, consolidating after the governance volatility.
Major Catalyst: The "UNIfication" proposal is active—100M UNI are being burned, and the protocol fee switch is live.
Bitwise included UNI in its latest ETF filing, signaling institutional appetite for DeFi infrastructure.
Market structure hints at a "strong consolidation base" forming above the $5.60 support.
Why It Matters:
For years, UNI was a "governance only" token. Now, it's a deflationary asset directly tied to the volume of the world's largest DEX. The fee switch changes the fundamental valuation model from speculation to yield/burn mechanics.
Technical View:
UNI is coiling below the $6.50 resistance. A breakout here completes the "Double Bottom" reversal pattern. Support at $5.60 is the invalidation level for the bullish thesis.
🎯 Key Levels:
Support: $5.60 | Resistance: $6.45
24h Range: $5.70 - $5.99
💡 "Fees are the dividends of Web3."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Uniswap #UNI #DeFi #TokenBurn #RealYield
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
