Eugene: Bullish on UNI or leading the market rebound

Odaily News Traders Eugene stated that since October 10, most alts have experienced a significant pullback. He believes that the stage of selling pressure has basically been released, and most investors who chose to stop loss have exited during the continuous five-week decline. He pointed out that if the market experiences a rebound, high-quality Tokens driven by fundamentals may perform stronger, among which Uniswap has received more attention due to recent fee switch progress. Eugene stated that UNI has no historical Heavy Position, income narrative strengthening, and the current price is close to the level before the fee adjustment proposal was announced, which may have rise potential in the coming weeks, with the invalid range for his viewpoint being below $6.50.