【I’ve Seen This UNI Script This Time】
At the end of 2019, LINK had already dropped 80% before the mainnet even launched. Everyone said the project was dead. But what happened later? It climbed from a little over one to more than fifty. I’m not telling you to bottom-fish—what I want to say is: when it drops to this level, sometimes it’s not the project that’s cold, it’s the market.
UNI is now at $ 9, up 3.5% over the past 24 hours, but still down nearly 6% over 7 days. What’s that called? It’s like “can’t fall anymore,” but also “can’t rise.” The F&G sentiment index is 67—overall the market is still fairly greedy—but UNI itself feels like the forgotten child. This kind of divergence—I’ve seen it a lot: either UNI is genuinely not doing well, or big money is quietly accumulating shares.
You ask me what I think?
I looked at UNI’s fundamentals. Uniswap TVL isn’t bad, and fee revenue is relatively steady. The problem is that now BTC is dominating the whole market. With only so much market liquidity, it’s already pretty good if altcoins don’t fall. If the range from $ 8 to $ 8.5 can hold, then there’s a chance ahead; if it can’t, going further down is not impossible.
To put it plainly, UNI’s current “script” is: if the broader market holds steady, UNI rides the rebound; if the broader market crashes again, UNI drops faster than anyone else. The risk-reward ratio is just average. If you’re itching to trade, try a small position—but I wouldn’t advise going all-in.
What’s your mindset right now? If you have UNI, are you cutting or holding on?
At the end of 2019, LINK had already dropped 80% before the mainnet even launched. Everyone said the project was dead. But what happened later? It climbed from a little over one to more than fifty. I’m not telling you to bottom-fish—what I want to say is: when it drops to this level, sometimes it’s not the project that’s cold, it’s the market.
UNI is now at $ 9, up 3.5% over the past 24 hours, but still down nearly 6% over 7 days. What’s that called? It’s like “can’t fall anymore,” but also “can’t rise.” The F&G sentiment index is 67—overall the market is still fairly greedy—but UNI itself feels like the forgotten child. This kind of divergence—I’ve seen it a lot: either UNI is genuinely not doing well, or big money is quietly accumulating shares.
You ask me what I think?
I looked at UNI’s fundamentals. Uniswap TVL isn’t bad, and fee revenue is relatively steady. The problem is that now BTC is dominating the whole market. With only so much market liquidity, it’s already pretty good if altcoins don’t fall. If the range from $ 8 to $ 8.5 can hold, then there’s a chance ahead; if it can’t, going further down is not impossible.
To put it plainly, UNI’s current “script” is: if the broader market holds steady, UNI rides the rebound; if the broader market crashes again, UNI drops faster than anyone else. The risk-reward ratio is just average. If you’re itching to trade, try a small position—but I wouldn’t advise going all-in.
What’s your mindset right now? If you have UNI, are you cutting or holding on?