08:36
Top trader Eugene is bullish on UNI, but the bullish logic will be invalidated if it falls below $6.50.
Top trader Eugene stated on social media that since October 10, the crypto market has experienced a continuous 5-week pullback, and many investors have completed their dumping. In the case of a market rebound, he believes that projects with strong fundamental drivers will stand out, with Uniswap (UNI) becoming the focus due to its recent fee adjustments.
Eugene pointed out that the advantages of Uniswap include: previously seen as non-investable due to conflicts with equity and token holders, the team now supports token holders; as the narrative leader for fee adjustment proposals, the price has almost returned to the level before the announcement of the proposal. He believes that if the market finds a short-term bottom in major assets, UNI is expected to lead the rebound in the coming weeks, with its strategy failure point being UNI price falling below $6.50.
UNI4.31%

