A $6 UNI, are you in the car or underneath?
Let's look at the surface first: positive news is bombarding, prices are soaring, and retail investors are frantically chasing the highs.
It has risen 38% over the past seven days, doubling from the August low near $3. On September 2, it briefly broke through $6.30, hitting an eight-month high. 24-hour turnover exceeded $1 billion, with market capitalization surging to $3.7 billion. All moving averages are below the price. Too much has risen; it's time to take a break.
The first thing: Robinhood Chain is the real driving force behind this surge
Robinhood Chain, which launched in July, traded $17.99 billion in August, a 26% increase over July. On September 1, $1.95 billion was traded in a single day, of which $1.75 billion came through the Uniswap pool—almost every dollar on-chain was a Uniswap fee.
Uniswap collected $9.24 million in fees within 24 hours on Robinhood Chain, accounting for the vast majority of total network fees.
Robinhood Chain now generates two-thirds of Uniswap's total revenue.
Previously, Uniswap relied on DeFi players' fees, but now it's starting to take Wall Street's RWA fees.
The second event: Fee Switch, turning UNI from a "voting coin" into a "deflationary asset"
In December 2025, the UNIfication proposal was approved, officially activating protocol fees. In January 2026, 100 million UNI tokens were burned at once, accounting for about 16% of total supply. Subsequent burns continued—over $300,000 worth of UNI burned in ten days, with an annualized rate close to $160 million. Standard Chartered estimates that based on the mid-August burn rate, the annualized burn volume would be about 4% of circulating supply.
On July 27, 2026, Fee Switch officially activated on V4, with average daily revenue soaring from $118,000 in early July to $318,000.
UNI now has a dual engine of cash flow + deflation.
Third thing: The technical side is overheated, but what are the whales doing?
The daily RSI is at 78-81, indicating severe overbought. MACD momentum is weakening. Prices are moving away from all moving averages.
Whales are selling aggressively—71% selling pressure, only 20% buying. Exchange inflows have increased, open interest has dropped 5.7%, and funds are flowing out.
Funding rate -1%, long-short ratio 0.56—bears are paying bulls, market is extremely bearish.
Resistance above: 6.20-6.37 → 7.00 → 7.81 (200-week EMA)
Support levels: 5.84-5.78 → 5.54-5.59 → 4.62 (EMA20)
The bullish and bearish showdowns are up to you
On one side:
Robinhood Chain delivers real RWA trading volume, causing protocol revenue to skyrocket
Fee Switch continues to burn UNI, with an annualized burn rate of about 4% circulating supply
Doubling from $3 to $6 has established the trend
Standard Chartered Bank has set a target price of $100 for 2030
On one side:
Daily RSI is 78-81, severely overbought
Whales are selling at 71%, with funds flowing out
September 15-16 FOMC meeting: 66% chance of rate hikes
If BTC pulls back, high-beta coins like UNI will be the first to bear the brunt
Short-term players:
Don't chase the high. Wait for a pullback to 5.84-5.78 (best with shrinking volume + hammer line) before entering, stop loss at 5.54. Target 6.32-6.50 to get out halfway first, break 6.50 for 7+.
Swing traders:
Wait until the daily chart closes above 6.0 before entering on the right side, stop loss at 5.54, target 7-8. If it falls below 5.78, come out and wait and see—don't hold on.
Long-term believers:
Invest regularly in batches below 5.5. UNI's fundamentals have changed—from governance coins to deflationary assets + cash flow assets. The goal for 10+ by the end of 2026 is to bet on continued RWA sector growth + continued Fee Switch burning.
Short sellers:
If you really want to go short, wait for resistance above 6.50 before lightly taking a position, with a stop loss at 6.60.
UNI's current logic is already the same as BTC in 2023—
From "nobody cares" to "everyone wants it," it only takes a fundamental turning point.
Fee Switch is that turning point.
UNI rose from 3 to 6, and you hesitated for a month. When it really holds above 10 yuan, will you still say "I had known"?
How much does your UNI cost?
At 6 yuan, would you dare to get on board?
$BTC$ETH$UNI #FOMC前最后一组数据: This Friday is non-farm payrolls
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
