🔮 UNI/USDT: Is the Big Breakout Imminent or is a Re-test Due?
The Uniswap (#UNI) chart is looking spicy after the massive "UNIfication" news on the fee switch! This isn't just short-term noise; it's a fundamental change that attracts long-term investors.
For long-term holders, the recent bounce and sustained price action above the key $7.00 level is extremely bullish. The token burn narrative shrinks supply, making every dip a potential accumulation zone. Look to accumulate on pullbacks towards $7.50.
For short-term traders, the volatility is perfect. We're currently consolidating between $7.80 and $8.20. Watch the high-volume resistance at $8.66. A clean break and hold above that level could send us on a parabolic run! However, if we fail to hold $7.75, a re-test of the crucial $7.50 support is likely. Stay nimble, but the underlying sentiment is strong!
