Trader Eugene has expressed a bullish outlook on Uniswap ($UNI), citing the project's strong fundamentals and recent fee adjustments as key factors. Despite a five-week market correction, Eugene believes that projects like Uniswap, which have resolved conflicts between equity and token holders, are well-positioned to outperform. He highlights that Uniswap's price has nearly returned to pre-proposal levels, suggesting potential for a rebound if major assets find a short-term bottom.
Eugene's bullish stance is contingent on $UNI maintaining a price above $6.50. Currently, $UNI has broken through the $8 mark, showing a 3.3% increase in the past 24 hours, according to OKX market data. This performance underscores Eugene's view that Uniswap could lead the market recovery in the coming weeks.
Trader Eugene Bullish on Uniswap ($UNI) Amid Market Rebound
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