🦄 $UNI : Institutional Rebound or Relief Rally?
Uniswap is defying the broader market gloom, rebounding 9.2% from a multi-month low to trade around $3.23 – $3.49.
🚀 Why is it Pumping?
The surge is fueled by a massive institutional catalyst: Bitwise has officially filed for a Spot Uniswap ETF with the SEC. Additionally, the recent "UNIfication" update has successfully flipped the fee switch, turning UNI into a deflationary asset by burning a portion of all protocol fees.
📊 Order Block Setup (1H/4H)
* The Order Block: A significant Bullish Demand Zone is established between $2.85 – $3.10. This area caught the recent "flush" and serves as the baseline for the current bounce.
* Momentum: RSI is climbing out of deep oversold territory (currently ~26), suggesting a recovery toward the $3.85 resistance is in play.
{future}(UNIUSDT)
Professional Opinion: The ETF narrative is a long-term game changer. While macro sentiment remains shaky, $UNI's transition to a revenue-generating model makes this order block a high-probability floor. 📈
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