News-driven:
Positive ecological progress: The Uniswap Foundation announced the launch of the v4 Hook competition (total prize of $1.5 million), stimulating developer participation enthusiasm and increasing market expectations for the v4 upgrade.
Industry recovery linkage: The cooling of U.S. CPI data boosts the crypto market, with DEX leader UNI benefiting simultaneously; yesterday, Coinbase launched UNI perpetual contracts, bringing in incremental funds.
Governance expectations: On June 17, the UNI community will review the "Fee Distribution Mechanism" proposal, with some funds betting on governance dividends being released.
Technical breakthrough:
Key level breakthrough: The daily line stabilizes above the 20-day moving average ($8.5), breaking through the downward trend line (May 29 high of $9.2 resistance).
Indicators turning strong: MACD golden cross is emerging, RSI (54) has exited the oversold zone, and short-term buying momentum is increasing.
On-chain support: Whale addresses increased their holdings by over 1.9 million UNI (approximately $16.5 million) in the past three days, with an average cost concentrated in the $8.3-$8.6 range.
Market trend prediction
Short to medium term (1-4 weeks):
Upward potential: If it breaks above the strong resistance at $9.2 (May high), the target looks to be $10.3 (March neckline).
Downward risk: If it falls below $8.4, it may retest the $7.8 support (200-day moving average).
Key catalysts:
✅ June 17 governance proposal voting (if passed, it will activate protocol income distribution)
✅ Federal Reserve June interest rate decision (if dovish, it will be favorable for risk assets).
Operational suggestions:
Holders can set a stop-loss at $8.3, and add positions if it breaks above $9.2; those who have not entered should wait for a retest at $8.5 to stabilize their layout, with a focus on proposal voting progress and the market trend.#UNI📈 $UNI
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