[Trader Eugene is Bullish on UNI, Will Reassess if it Falls Below $6.5]
On November 17, trader Eugene Ng Ah Sio expressed a bullish outlook on UNI. He believes that since October 10, altcoins have undergone a significant pullback, and most of the mid-term selling pressure has subsided. In a market rebound, altcoins with strong fundamentals may outperform the broader market. Uniswap has become a focal point in the market due to fee adjustments, with the following selling points: almost no leveraged positions, the revenue narrative brought by fee adjustments, and a price close to the level before the fee proposal announcement. He expects UNI to perform strongly in the coming weeks, but if the price falls below $6.5, he will reassess his view.
