Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The burning of 100 million UNI opens the door to $6.65 after consolidating at $5.42
The UNI market shows constructive signals after firmly holding the $5.50 level, with UNIfication’s token burn initiative as a key catalyst. This strategy involves a one-time burn of 100 million tokens—equivalent to $591 million—plus periodic burns derived from protocol fees to limit circulating supply.
Bullish potential confirmed by technical analysis
The $5.50 zone has solidified as a strong demand area, opening the bullish scenario toward multiple targets. Technical analysts project moves toward $6.65 in the short term, with a second resistance at $8.25 for more ambitious moves. The current price hovers around $5.42, showing a +0.53% increase in the last 24 hours, with a trading volume of $1.38M.
Momentum indicators reinforce the narrative
On-chain data paint a bullish picture: the Money Flow Index (MFI) and the MACD (Moving Average Convergence/Divergence) are in positive territory, confirming institutional entry and momentum strength. Transaction volume increased by 15%, suggesting deliberate accumulation ahead of the next bullish move.
Token burns and converging technical fundamentals position UNI for significant upside potential in the short term.