UNI's sudden surge in the 1-hour line is not without reason!
It was just consolidating, and in the blink of an eye, a big bullish candle surged up, directly rising from 4.8 to above 5.1, with an increase of nearly 4%, and the trading volume also expanded. This is definitely not retail behavior; there must be significant news driving this!
News: The fee switch has entered the final voting stage, 100 million UNI may be burned!
Just now, Uniswap founder Hayden Adams personally stated: 'The proposal to activate the fee switch' has entered the final governance vote! Voting starts on the evening of December 19 and ends on the 25th. If approved, two days later:
Directly destroying 100 million UNI (approximately $500 million market value)!
The fee switch for v2 and v3 will be activated, continuously taking a cut from transaction fees and destroying UNI.
The transaction fees for Unichain will also be added to the destruction queue.
This is equivalent to giving UNI a 'deflation engine' — the more people use it, the faster it gets destroyed, making the coin more scarce. This is not a short-term benefit but a fundamental shift in the long-term value model! It is reasonable for the major player to run ahead. If you are unclear about the specific entry points, you can follow Tianji, who provides real-time reminders for friends who have been noticed in the village 24 hours a day.
Technical analysis: The 1-hour candlestick has broken through key resistance, and indicators are strengthening across the board.
Look at the 1-hour chart:
Price: Broke through the psychological barrier of 5.0, closing at 5.114, standing above the upper Bollinger band, showing strong momentum.
Volume: The volume suddenly expanded to 2.84 million, more than three times the average volume, indicating a strong signal of capital entry.
MACD: Although DIF is still below DEA, the MACD bars have turned positive, indicating a depletion of downward momentum, and the bulls are starting to exert force.
RSI: RSI1 reached 74.62, entering the overbought zone, indicating that the short-term increase has been too aggressive and may face pullback pressure, but RSI2 and RSI3 are still in a healthy range, and the trend remains upward.
Operating suggestions: For those with positions, hold on and don’t exit easily; set a mobile stop profit. For those looking to enter the market, don't chase high prices; wait for a 1-hour pullback to around 5.0 to gradually accumulate. Short-term players can go long along the 5-day line (4.93) and set a stop loss below 4.8.
Want to know the specific point to enter the market and where to set the safest stop loss? Tianji Village has already provided reminders. If you want to keep up, become a villager of Tianji!
Personal opinion: Hold your positions firmly; a pullback is an opportunity!
This wave of the market is definitely not a fleeting moment!
Short-term: Sentiment continues to ferment before the vote, and the major player may take the opportunity to wash the盘再拉. The 1-hour RSI is overbought and may pull back to around 5.0, which is a second entry opportunity.
Medium-term: The probability of the proposal passing is relatively high. Once implemented, the deflationary model will start, and UNI will enter a 'destruction bull market' with a target initially above 6.0.
Risk: If the vote unexpectedly fails, there may be a rapid sell-off, and the stop loss can be set below 4.8.
Summary: The 1-hour surge of UNI is just the beginning. The transaction fee switch + deflationary destruction = long-term value reconstruction. Hold your positions firmly and be patient; this wave of market may just be starting!
There are no gods in the crypto world, only teachers with good mindsets. If you don't know what an effective breakout is or which tokens can yield 10 times returns, follow Tianji and join the village!
