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UNI for $5.7—are you chasing it? Let's look at the surface first: a barrage of positive news, soaring prices, and retail investor FOMO. In the past 7 days, it rose 20-35%, and in 30 days, it rose 27-38%. From the June low of 2.3 to 5.6, it more than doubled. 100 million coins were burned, Fee Switch launched, Uniswap became the main AMM on Robinhood Chain, with daily trading volume reaching 130 million. But the market always ends in a celebration. The daily RSI has reached 77, with an overbought warning flashing red. First: UNI went from being an "air coin" to a "money printer." After UNIfication passes in December 2025, Fee Switch officially launches. Protocol fees are used to buy coins for burning; on August 21, 150,000 tokens were burned in a single day, setting a new standard. Previously, Uniswap's earnings belonged to the team and had nothing to do with UNI holders The money earned now is used to buy UNI and burn UNI The higher the trading volume, the more burned and the less supply is UNI is no longer a governance token; it is a "dividend burn share." The second thing: but 5.7 has already digested too much good news. On August 30, a large bullish candlestick rose on high volume, then consolidated on reduced volume. The price broke above all moving averages, with the 50-day and 200-day golden crosses, and mid-term bullish alignment—all good signs. But the daily RSI is 67-77, already overbought. The Bollinger Bands are running close to the upper band, the MACD bars are flat, and the upward momentum is slowing down. When all the good news is gone, it's bad; when FOMO reaches its peak, it's a pullback. Look at previous ZEC and ALLO—which one wasn't a bullish rally followed by a massive shakeout? UNI is no exception. The third thing: September macro data week is the biggest variable. September 4 nonfarm payrolls, September 10 PPI, September 11 CPI. The Fed rate is 3.5-3.75%, next FOMC meeting September 15-16. The crypto fear and greed index is 69, already "greedy." BTC is oscillating between 77k and 81k; once macro data turns hawkish and the dollar strengthens, high-level altcoins will be the first to be attacked. If BTC falls below 77k, UNI is very likely to fall as well, first looking at 5.00, then 4.80. The bullish and bearish showdowns are up to you On one side: Closed-loop destruction implementation, annualized destruction of tens of millions of tokens Robinhood Chain saw daily trading volume of 130 million, with real income fed into burning Some v4 pools have opened fees, and v4 hooks are expanding their application scenarios Mid-term bullish arrangement, technical strengthening On one side: The daily RSI is 67-77, severely overbought Funding rates turned positive and slightly higher, with bulls crowded 5.6 has already swallowed a large portion of expectations September macro data week brings significant volatility risk Historically, high-level FOMO has been a long-tail chase, with a very low win rate Resistance above: 5.50-5.60→ 5.84-6.00→ 6.40 Support levels: 5.15-5.20→ 4.95-5.06→ 4.44-4.50 Operational strategy Short-term players: Buy in batches on a pullback to 5.15-5.25, or go deeper at 4.95-5.05. Stop loss: daily closing below 4.78. Target 5.80-5.90, first break halfway, then 6.20-6.40. Breakthrough Players: Wait until the 4h/day moving average rises with volume and holds above 5.85; if it pulls back and doesn't break below 5.50, add more. If the price falls below 5.40 after a false breakout, exit immediately. Bears: Only when the daily chart clearly shows a long upper shadow + RSI dullness + extremely high cost, light positions test short at 5.70-5.85, stop loss at 5.95-6.05, target 5.20. If the win rate is lower than pullbacks and long positions, play lightly. The iron rule of risk control: Single transaction not exceeding 1-1.5% of the total amount Pre-farm deleveraging and position reduction BTC has fallen below 77k, so let's run first UNI's recent rally is driven by fundamentals, not purely sentiment-driven rally— There is destruction, income, and real transactions—completely different from those "air-based narratives." But no matter how strong the fundamentals, you can't stop chasing highs in the overbought zone. When prices rise, you don't dare to buy; when prices fall, you don't dare to buy—you always do the wrong thing at the wrong time. How much does your UNI cost? At the 5.7 position, would you chase or not? $BTC $ETH $UNI