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Uniswap (UNI) Price Surges 17% Amid $626M Burn Proposal Support, Downtrend Continues

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UNI
$5.8123-3.26%
Uniswap (UNI) price climbed 17% as traders reacted to the $626M token burn proposal gaining strong support. The Unification plan, now in voting, has drawn near-unanimous backing, shifting focus to supply-side changes. Despite the rise, the price remains within a descending channel, suggesting the move is a pullback. Traders are watching key support level and support & resistance levels for signs of a breakout. A close above the channel’s upper edge could signal a reversal.
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