PANews|Nov 17, 2025 08:07
[Trader Eugene Bullish on UNI: Bullish Logic Invalidated if Price Falls Below $6.50]
Trader Eugene stated in a post that since October 10, the crypto market has undergone five consecutive weeks of deep corrections, with many investors having completed their sell-offs. In the event of a market rebound, he believes projects driven by strong fundamentals will stand out, with Uniswap (UNI) becoming a focal point due to its latest fee adjustment.
Eugene highlighted Uniswap's advantages, including: previously deemed uninvestable due to conflicts between equity holders and token holders, the team has now shifted to support token holders; as the narrative leader of the fee adjustment proposal, its price has nearly returned to pre-announcement levels. He believes that if the market finds a short-term bottom in major assets, UNI is likely to lead the rebound in the coming weeks. His strategy's invalidation point is if the price falls below $6.50.
According to OKX market data, UNI has broken through $8, rising 3.3% in the past 24 hours.
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