Uniswap’s governance proposal to activate protocol fees and burn 100M $UNI has sparked strong bullish sentiment, pushing price above key resistance near $6.00–$6.50 and driving a recent breakout. Traders are now eyeing next targets as volume spikes and buying momentum return. �
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Key Levels Right Now:
• Support: ~$6.00–$6.20
• Resistance: ~$6.50+
If price holds above support and volume stays strong, further upside toward higher swing targets is possible. �
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Why It’s Gaining:
Bullish action is tied to hopes that the governance vote will create a deflationary effect and link protocol fees to token value — a major narrative shift for UNI holders. �
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Short Take:
Uni’s price action shows buyers stepping in, and a break above short-term resistance could push momentum higher in the near term. �
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