#数字货币市场调整 Tonight's trend is experiencing severe Fluctuation, with a big pump followed by a sudden pullback catching many investors off guard. Is this round of market movement a short-term adjustment or a trend reversal? Let's analyze it from both the news and technical perspectives.

On the news front, UNI's governance proposal will enter the snapshot voting phase tomorrow, followed by an on-chain voting segment. Normally, this would be considered a positive expectation, but the problem is that the market has already reacted in advance—the price has already been pumped up. The key question now is: when the voting actually begins, will it act as a catalyst to further push the price up, or will it become a classic case of "good news fully priced in leads to bad news"?

On the technical chart, the hourly level shows that the MACD has just completed a golden cross, with the yellow and white lines firmly above the zero axis, seemingly indicating strong bullish momentum. However, a closer look reveals hidden risks: the RSI indicator has surged into the overbought zone above 60, indicating excessive buying sentiment. More critically, the trading volume—after a big pump, it has quickly shrunk, indicating that there is clearly insufficient capital chasing higher prices, and the bulls are running out of steam.

Several key price points need to be monitored. Upper resistance: 8.1 dollars is the first hurdle, and 8.7 dollars is a stronger resistance zone. Lower support: 7.2 dollars is an important recent support; if it breaks down, we need to see if 6.7 dollars can hold.

My judgment is: in the short term, it is highly probable that there will be a pullback followed by a rebound. It is possible to impact 8.1 dollars, but breaking through 8.7 dollars will be quite difficult. If it falls below 7.2 dollars, then the strong support area at 6.7 dollars will be a battleground.

In terms of operational suggestions, for traders who already hold long positions, $7.6 is a key bull-bear dividing line. If the price effectively stabilizes at this level, it can continue to be held, targeting the intraday resistance levels; if it falls below, it is recommended to stop loss in a timely manner. For spectators, don't rush to chase the highs; it will be more prudent to wait for effective breakout signals before entering positions.

The DeFi leader UNI is currently facing a dual test of news and technical factors, and the volatility is bound to increase. There are no everlasting myths in the market, only rational judgments based on data. It is recommended that everyone closely monitor tonight's price trends and changes in trading volume, and implement proper risk control.