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2h ago

UNI Slips as Binance Inflows Signal Profit‑Taking Ahead of Uniswap Vote

The pullback follows a proposal to activate a 0.05% fee switch with a 100 million UNI treasury burn.

Uniswap price prediction- Swing traders can wait for a retracement to these levels to buy
Uniswap price analysis: $56m binance inflows hint at short term sell pressure

Overview

  • UNI traded near $8, down about 6.7% on the day after a roughly 50% weekly rally.
  • More than $56 million of UNI moved to Binance over the past week, a flow seen as positioning to sell by some traders, per CryptoQuant analysis.
  • Trading activity cooled, with 24‑hour spot volume down 49%, derivatives volume nearly 50% lower, and open interest off 16%, according to CoinGlass.
  • The Nov. 10 Uniswap Foundation plan would route a 0.05% share of LP fees to holders, burn 100 million UNI, and redirect Unichain sequencer fees toward ongoing burns pending DAO approval.
  • Analysts still cite a constructive setup, with EMAs aligned bullishly and near‑term levels around $7.10 support and $8.55 resistance, while some technical views flag possible retracements toward $6.86 or $5.92.