#UNI #Write2Earn #MidTerm #uniswap $UNI
Why did the UNI token (Uniswap protocol) grow? The essence is that the Uniswap Foundation, which is engaged in the development and promotion of new technologies, proposed to pay the holders of UNI tokens part of the commission for the use of the protocol (swap DeFi). How it will be realized if anyone is interested you can read here. For this proposal will be voted on the results of which will be published on March 1. So most likely we can expect a continuation of growth (buy the rumors) until then, and after the announcement of the results as usual we can expect a correction (sell the facts). Technically, to continue the growth the price should not fall below $10 and stay in the zone of volume clusters, as well as strong support at $9, the fact that the price did not get a sharp pullback is an indirect sign of the strength of buyers. The growth of open interest also increased 3 times, which is a bullish sign.
Let me remind you that we predicted the growth of UNI as early as possible in December, and managed to get the best price, the problem for those who want to buy now is that the support is quite far away.