The burning of 100 million UNI opens the door to $6.65 after consolidating at $5.42

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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.

UNI3,66%
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Bactinhvip
· 1h ago
Burning tokens is just a scam 😂
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