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🚀 Uniswap Explodes 21% After Fee Switch and Massive Token Burn Proposal, Can $UNI Hit $15 Next?
$UNI is roaring back to life! After months of sideways action, Uniswap surged 21% in 24 hours, breaking key resistance levels and flipping market sentiment bullish.
The rally comes right after the release of UNIfication, a sweeping proposal uniting Uniswap Labs and the Foundation under one governance model — and it’s packed with tokenomic upgrades.
Here’s what’s fueling the fire:
🔥 Fee Switch Activation — 0.05% of trading fees will now go to buybacks and burns.
🔥 100M UNI Retroactive Burn — roughly 12.5% of supply could be removed.
🔥 Unified Governance — 5-member leadership board to streamline upgrades and ecosystem growth.
Technically, $UNI has broken out from a multi-month downtrend, reclaiming $8.5 as new support. Bulls now eye $10, $12, and ultimately $15, the key Fibonacci extension zone.
Momentum indicators support the rally:
✅ +DI at 41.8 vs -DI at 14.1 — buyers dominate
✅ ADX at 38 — trend strength rising
✅ RSI near 66 — strong enthusiasm with room to run
The setup shows Uniswap may be entering a deflationary era, combining structural reform with reduced supply — a formula that could power UNI’s climb toward $15 and beyond.