Uniswap Activates Fee Switch, Burns 100M UNI Tokens
- Fee Switch Activation: Uniswap officially reduced all app and API fees to zero following governance approval and initiated a burn of 100 million UNI tokens, significantly enhancing its deflationary model and thereby increasing the long-term value and market appeal of the token.
- Strong Governance Support: The proposal received approximately 125 million votes in favor, demonstrating the community's strong confidence in Uniswap's future development, which will potentially lead to higher revenue for liquidity providers.
- Market Dynamics Shift: UNI is currently trading at $6.44 with a market cap of $4.71 billion, experiencing an 8.46% increase over 24 hours, although it remains 17.16% lower over the past 90 days, indicating a positive market response to the new policy.
- Liquidity Enhancement Strategy: By integrating protocol fees with the Unichain mainnet, Uniswap aims to enhance liquidity provider revenue through a discount auction system, further solidifying its position as a primary venue for token trading.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for UNI
Technical Sentiment Analysis for Uniswap (UNI) As of , Uniswap (UNI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for UNI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, UNI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Uniswap (UNI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.438 | 2.142 | 2.9 | 3.604 | 4.362 | 5.066 | 5.824 |
| Fibonacci | 2.142 | 2.7 | 3.045 | 3.604 | 4.162 | 4.507 | 5.066 |
About UNI
About the author
