Uniswap Initiates UNI Token Voting Program
- Voting Program Launch: Uniswap Labs initiated a voting program on July 7 for UNI token holders to approve the inclusion of v4 pools in the fee and burn program, with voting running until July 12 and an on-chain vote scheduled for the week of July 13, aimed at enhancing the protocol's economic model.
- Fee Structure Adjustment: The v4 pools feature a more complex fee structure than previous versions, utilizing a new system with two contracts to dynamically adjust fees, where aggregator hook pools incur fees up to 25 times higher, while standard pools are capped at 10 basis points, potentially impacting liquidity providers' earnings.
- Market Performance Review: Uniswap set a record by burning 186,000 UNI in a single day last month, demonstrating the effectiveness of its burn mechanism, and on July 7, UNI traded at $3.23 with a market cap of approximately $2 billion, despite being far below its peak of $44.97 in May 2021, indicating ongoing growth potential.
- New Feature Introduction: The v4 version introduces a “hook” system that allows developers to add extra features and dynamically adjust fees, complemented by the implementation of a V4 Fee Controller to enhance the protocol's flexibility and governance capabilities, ensuring adaptability to future market changes.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for UNI
Technical Sentiment Analysis for Uniswap (UNI). As of , Uniswap (UNI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UNI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, UNI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Uniswap (UNI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.153 | 2.436 | 2.744 | 3.027 | 3.335 | 3.618 | 3.926 |
| Fibonacci | 2.436 | 2.661 | 2.801 | 3.027 | 3.252 | 3.392 | 3.618 |
About UNI
About the author
