[You think UNI is going crazy this pump? Data slaps you in the face]
A lot of people see UNI’s gain of 117% over the past month, and their first reaction is, “It’s up too much—it’s definitely going to drop,” or the other way around, “It can still go up—quick, chase it.”
Both of these ideas are wrong.
It’s down 79% from ATH—so this isn’t even that far yet. Those who got scared off by the rally percentage, and those who were blinded by FOMO, didn’t really figure out what position they’re in.
In 7 days it’s up 5%, and in 24 hours it’s up 3.3%. Momentum is on the strong side, but it’s not a crazy surge. The market greed index is 71—sentiment is stable, not bubble territory.
BTC’s market share is 58.3%. UNI is moving in sync with the broader market, not running an independent narrative. The 10.11 resistance level is solid, and 8.87 support is holding steady.
Honestly, last week I didn’t move. Why? Because back in 2017, I got cut that time—seeing “it’s going up” and rushing in. The result? My timing was wrong, and everything else was wrong.
So why am I even looking this time?
Put it plainly: UNI’s current problem is—that DeFi narrative has cooled down. Nobody is really using it. Trading volume hasn’t risen, and TVL hasn’t shown any obvious growth. This rally is driven by a rebound in market sentiment, not a change in fundamentals. Does the business logic work? Not at this stage.
Next week, the focus is on trading volume and the news flow. Volume comes before price—any “up” without volume is basically fraud. To be blunt: watch from the sidelines, watch the show if you want. But when we actually get to that level, I might still feel itchy. The difference is that this time I’ll wait for signals instead of charging in on instinct.
What about you? Are you feeling itchy?
A lot of people see UNI’s gain of 117% over the past month, and their first reaction is, “It’s up too much—it’s definitely going to drop,” or the other way around, “It can still go up—quick, chase it.”
Both of these ideas are wrong.
It’s down 79% from ATH—so this isn’t even that far yet. Those who got scared off by the rally percentage, and those who were blinded by FOMO, didn’t really figure out what position they’re in.
In 7 days it’s up 5%, and in 24 hours it’s up 3.3%. Momentum is on the strong side, but it’s not a crazy surge. The market greed index is 71—sentiment is stable, not bubble territory.
BTC’s market share is 58.3%. UNI is moving in sync with the broader market, not running an independent narrative. The 10.11 resistance level is solid, and 8.87 support is holding steady.
Honestly, last week I didn’t move. Why? Because back in 2017, I got cut that time—seeing “it’s going up” and rushing in. The result? My timing was wrong, and everything else was wrong.
So why am I even looking this time?
Put it plainly: UNI’s current problem is—that DeFi narrative has cooled down. Nobody is really using it. Trading volume hasn’t risen, and TVL hasn’t shown any obvious growth. This rally is driven by a rebound in market sentiment, not a change in fundamentals. Does the business logic work? Not at this stage.
Next week, the focus is on trading volume and the news flow. Volume comes before price—any “up” without volume is basically fraud. To be blunt: watch from the sidelines, watch the show if you want. But when we actually get to that level, I might still feel itchy. The difference is that this time I’ll wait for signals instead of charging in on instinct.
What about you? Are you feeling itchy?