Uniswap ($UNI ) Market Update: Fee Switch Fuels Record Burns, But $6.50 Resistance Looms
$UNI is trading near $6.18**, consolidating after a sharp rally from **$3.30 in mid-August to a high of $7.22** last week . The catalyst is Uniswap's **fee switch**, now live since July 27. Protocol revenue is surging—Robinhood Chain alone drove **$1.15M in daily UNI burns on Sept. 4, the first time daily burns crossed $1M . Uniswap processed **$70.6B in 30-day DEX volume**, outpacing its next three rivals combined .
Key Pressure: Despite record burns, long liquidations dominate—$426K in longs vs. $155K in shorts over 24 hours . The rally has been leverage-heavy, leaving room for a shakeout.
Technical Levels: Support sits at $5.82**, with deeper support at **$5.01. Immediate resistance is $6.45–$6.50 (23.6% Fibonacci + 7-day MA). A daily close above $6.50 opens **$7.26**, then $9.00–$10.05 .
Binance Trade Setup: A cautious long if $UNI holds $6.00** and breaks **$6.50 with volume, targeting $7.20–$9.00, stop below **$5.80**. If $5.80 breaks, stay flat.
Not financial advice.DYOR — burns are bullish, but resistance is real.
#UNI #analises #binance
$UNI is trading near $6.18**, consolidating after a sharp rally from **$3.30 in mid-August to a high of $7.22** last week . The catalyst is Uniswap's **fee switch**, now live since July 27. Protocol revenue is surging—Robinhood Chain alone drove **$1.15M in daily UNI burns on Sept. 4, the first time daily burns crossed $1M . Uniswap processed **$70.6B in 30-day DEX volume**, outpacing its next three rivals combined .
Key Pressure: Despite record burns, long liquidations dominate—$426K in longs vs. $155K in shorts over 24 hours . The rally has been leverage-heavy, leaving room for a shakeout.
Technical Levels: Support sits at $5.82**, with deeper support at **$5.01. Immediate resistance is $6.45–$6.50 (23.6% Fibonacci + 7-day MA). A daily close above $6.50 opens **$7.26**, then $9.00–$10.05 .
Binance Trade Setup: A cautious long if $UNI holds $6.00** and breaks **$6.50 with volume, targeting $7.20–$9.00, stop below **$5.80**. If $5.80 breaks, stay flat.
Not financial advice.DYOR — burns are bullish, but resistance is real.
#UNI #analises #binance