Ever since Uniswap (UNI) announced its fee-switch proposal, the performance of this altcoin has detached from the market.
Today, the token has climbed by 4% even though most other tokens are dropping, and trading volumes have jumped by 60% as the market’s interest in UNI remains strong.
The UNIfication proposal would allow Uniswap to burn a portion of the fees it collects. The founder of the project, Hayden Adams, also proposed a retroactive burn of 100 million tokens, held in the project’s treasury.
This would translate into a 17% reduction of the asset’s circulating supply, which could cause a supply shock in the near term.
In the past couple of weeks, most cryptocurrencies have plunged as the head of the Federal Reserve made some hawkish comments that prompted analysts to change their projections.
After the October 28 FOMC meeting, Jerome Powell stated that it was uncertain if the institution will cut rates in September, as most of the market expected.
This triggered a cascade of selling and forced liquidations that pushed Uniswap from a swing high of $10 triggered by the UNIfication proposal, to around $6 in a matter of days.
Despite the sell-off, at a point when market sentiment has soured, Uniswap could be one of the best cryptos to buy now ahead of the approval of this key governance proposal.
Trader CW, whose account is followed by more than 16,000 users on X, says that the next sell wall (target) for UNI stands at $11.5, meaning a 53% upside potential.
The next sell wall for $UNI still exist at $11.5 pic.twitter.com/kCYWZOqF05
— CW (@CW8900) November 17, 2025
Uniswap (UNI) Could Rise to $12 If It Stays Above This Level
The daily price action shows that the token broke out of a descending price channel that had been forming since mid-August and is now retesting the upper bound of that channel from above.
If UNI stays above this key line, it could rise rapidly toward the $10 level again and even $12 in the mid-term if bullish momentum continues.
Market sentiment is at an extreme low, as indicated by the Fear and Greed Index. When investors get this pessimistic, the odds of a rebound increase as the “smart money” comes in to scoop up assets at a low price.
The Relative Strength Index (RSI) favors a bullish outlook as the token has jumped above its 14-day moving average and the mid-line as well.
The price must also overcome the 200-day exponential moving average (EMA) to keep climbing. This is a key line observed by many market participants that could act as strong resistance if bears remain in control of the price action.
A break below $7 would invalidate this bullish outlook and could push UNI back into the channel. In that case, a bearish target could be set at $5.
Apart from Uniswap, a new meme coin presale called Maxi Doge ($MAXI) has attracted investors’ attention lately and has raised over $4 million to develop a community of like-minded risk-taking traders who want to make this bull market their ticket out of mom’s basement.
Maxi Doge ($MAXI) Presale Builds a High-Energy Trading Community
Maxi Doge ($MAXI) takes the iconic doge meme and mixes it with the fast-paced world of meme coin trading.
Holding $MAXI gives users access to an exclusive community where retail traders can share strategies, compare high-risk plays, and level the playing field with whales.
The project also introduces weekly trading competitions and themed challenges like Max Ripped and Max Gains, adding a gamified layer that keeps the community active. Top scorers are rewarded with meme coins and bragging rights.
In addition, up to 25% of the presale’s proceeds will be invested in marketing to make Maxi Doge known.
To buy $MAXI and join the pump, simply visit the official Maxi Doge website, and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to complete the transaction.
