A recent rebound was triggered by buybacks, but it still lacked sustainability. Recently, the rebound in the altcoin market has been accompanied by decreasing volume, which also indicates that since the 10.11 spike, the market has been experiencing a lack of funds and weakness.

As an old DeFi project, UNI has not seen better innovation in recent years. Relying solely on buybacks to boost the price is unrealistic because there are too many trapped positions above and a lack of fresh capital entering the market. It can only be a matter of buying and selling back and forth. However, for project teams, this kind of buy-sell cycle requires significant costs to push the price up.

However, if your investment strategy is to make medium- to long-term fixed investments, I think UNI is still a viable choice because it is relatively stable and generates positive revenue. In summary, $UNI has a lower probability of a quick short-term surge and is more suitable for medium- to long-term holding.