$UNI Dropped again? At $7, Fish Chief isn’t worried at all👇
Yesterday’s drop was pretty scary. The question I got most in my DMs was: Should I get out?
My answer is the same as my view: I’d buy at $7, and I wouldn’t set a stop-loss on my spot holdings. I haven’t changed a single word of this view.
Because yesterday’s huge bearish candle had nothing to do with UNI itself. The Binance hack was a black swan event that dragged the whole market down. This kind of drop is driven by sentiment, not fundamentals.
Just look at the chart. UNI is already showing signs of bottoming near $7, and it’s now trading sideways in a range. As long as the broader market holds steady, a second rally is likely on the way.
What’s even more interesting is that this drop has also brought a long-term thesis into focus. The head of digital asset research at Standard Chartered said the Binance hack could accelerate the shift of funds from CEXs to DEXs, making Uniswap a long-term beneficiary. He’s keeping his $100 price target for UNI in 2030, and even thinks that forecast may be conservative.
See? Every time a centralized exchange has a security incident, DEXs get another opportunity! If you haven’t gotten on board yet, wait for a pullback to buy in. Not sure what price to aim for? Come to Crab Burger and wait for my signal! #ASIC尚未收到预测市场申请 #疑似朝鲜攻击占加密黑客损失近89%
Yesterday’s drop was pretty scary. The question I got most in my DMs was: Should I get out?
My answer is the same as my view: I’d buy at $7, and I wouldn’t set a stop-loss on my spot holdings. I haven’t changed a single word of this view.
Because yesterday’s huge bearish candle had nothing to do with UNI itself. The Binance hack was a black swan event that dragged the whole market down. This kind of drop is driven by sentiment, not fundamentals.
Just look at the chart. UNI is already showing signs of bottoming near $7, and it’s now trading sideways in a range. As long as the broader market holds steady, a second rally is likely on the way.
What’s even more interesting is that this drop has also brought a long-term thesis into focus. The head of digital asset research at Standard Chartered said the Binance hack could accelerate the shift of funds from CEXs to DEXs, making Uniswap a long-term beneficiary. He’s keeping his $100 price target for UNI in 2030, and even thinks that forecast may be conservative.
See? Every time a centralized exchange has a security incident, DEXs get another opportunity! If you haven’t gotten on board yet, wait for a pullback to buy in. Not sure what price to aim for? Come to Crab Burger and wait for my signal! #ASIC尚未收到预测市场申请 #疑似朝鲜攻击占加密黑客损失近89%
