Uniswap Soars to $5.93 as Open Interest Surges and Bulls Seize the Reins
Uniswap's price action just flipped the script. After a period of consolidation, the decentralized exchange token is punching through resistance, climbing to $5.93 as market dynamics shift decisively in favor of the bulls.
The Comeback Kid: Open Interest Rebounds
It's not just the spot price telling the story. A sharp rebound in open interest across derivatives markets signals that big money is moving back in. Traders are re-establishing positions, betting on continued momentum and shrugging off recent uncertainty. This isn't just retail FOMO—it's a calculated reload by sophisticated players who see an opportunity.
Buyers Back in the Driver's Seat
The order books are painting a clear picture: buyer aggression is overwhelming seller liquidity. Key support levels are holding, and each dip is getting scooped up faster than the last. The market structure has shifted from 'sell the rally' to 'buy the dip'—a classic sign of sentiment reversal. It feels like the crowd remembered what this protocol actually does while Wall Street was busy overengineering another synthetic ETF product that'll probably underperform the underlying asset.
This move puts Uniswap back on the radar for a potential larger trend reversal. If the $5.93 level holds as new support, the path opens for a test of higher resistance zones. The battle lines are drawn, and for now, the bulls are winning.
The price rebound, supported by improving participation in derivatives markets and early signs of capital inflows, suggests that the coin may be entering the first stage of a structural reset.
With momentum indicators easing bearish pressure, traders are beginning to reassess short-term expectations.
Reversal Attempt on 1H Chart as Open Interest Stabilises
On the 1-hour timeframe, UNI/USDT has spent several days trending lower, drifting from the $6.20–$6.40 zone toward the $5.40–$5.50 region. This decline formed a steady series of lower highs, reflecting ongoing bearish control and reduced buying interest through late November.
As selling pressure intensified, the coin briefly dipped below $5.40, marking the most aggressive downside move within the observed period. This drop created a clean liquidity sweep, clearing Leveraged long positions while establishing a new structural low. Price then stabilised, forming a base pattern that signalled the exhaustion of sellers.
Source: Open Interest
The turnaround becomes clear in the final section of the chart. The coin breaks out from its compression, surging from $5.50 toward $6.00 with a sequence of strong bullish candles. This rally marks the most decisive bullish impulse in days, suggesting that buyers are returning with conviction after the liquidation event.
Open interest behaviour supports this shift. OI had trended downward through the selloff, ranging from 186.8M down to nearly 180M, showing position closures and reduced trader appetite. But as soon as price formed its bottom structure, OI began to rise again, climbing back toward 187M.
UNI Up 6.27% as DeFi Interest Re-Emerges
BraveNewCoin lists Uniswap at $5.93, with a market capitalisation of $3,736,859,659 and a 24-hour trading volume of $469,753,661. The elevated liquidity suggests that market participants are becoming more active following the coin’s extended decline, with renewed interest in DeFi assets helping support the move.
The coin ranks #43, supported by an available supply of 629,898,491 tokens. While broader DeFi markets remain mixed, the coin’s recent upside surge indicates the token is responding positively to improving sentiment and stabilising technical conditions.
Momentum Begins to Recover as MACD Eases Bearish Pressure
On the daily chart, UNI is trading at $6.04, gaining 2.18% on the day as the token attempts to solidify a recovery from its recent lows NEAR $5.00. The broader trend shows the coin declining from the $12.30 high earlier in the year, establishing a large mid-term correction.
Source: TradingView
The MACD remains in the negative territory but is improving. The MACD line sits at –0.224, with the signal line at –0.154, while the histogram prints at –0.070. Although still bearish, the narrowing distance between the MACD and signal lines reflects a slowdown in downward momentum.
This softening of bearish pressure is typically the first step toward forming a potential bullish crossover — an event traders will closely watch as confirmation of trend reversal strength.
Chaikin Money FLOW (CMF) reads –0.19, a sign that capital outflows persist. However, CMF has lifted from deeper negative levels seen in late November, suggesting that buying interest is slowly returning despite remaining below zero. For the coin to build a stronger reversal structure, CMF will need to break into positive territory, confirming sustained capital inflows.
