$UNI
🚀 BlackRock dives into DeFi and boosts UNI
The crypto market was shaken by the news that BlackRock, the world's largest asset manager, has fully entered the world of decentralized finance (DeFi). The company not only brought its tokenized U.S. Treasury fund, BUIDL, to trade on Uniswap but also acquired a significant amount of UNI token. This historic move marks the first time that BlackRock offers trading in a fully decentralized environment.
📈 The impact was immediate:
- UNI surged over 23%, with strong trading volume (+45%), reflecting renewed investor confidence.
- The price consolidated above the critical support zone at $3.31–$3.34, turning resistance into support.
- Technical indicators show the RSI close to the overbought zone, signaling caution for possible corrections.
🔥 Factors that drove the surge:
- Institutional adoption: BlackRock's entry legitimizes DeFi in front of Wall Street.
- Uniswap fee switch: improves the fundamentals and revenue of the protocol.
- End of SEC investigation: removes regulatory barriers and opens the door for new investors.
🐋 Whale activity:
Despite the surge, there is a predominance of short positions among large players, which could create a risk of a short squeeze if the momentum continues.
✨ In summary, UNI is at a decisive moment: BlackRock's entry could be the trigger for a new phase of appreciation and institutional adoption in DeFi.
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👉 What do you think of this movement? Does UNI inaugurate a new era of integration between Wall Street and DeFi? Comment, share, and join the discussion!