Uniswap News: UNI Rebounds as Open Interest Signals Early Recovery Setup

Uniswap (UNI) is currently trading around $6.38, attempting a recovery after correcting from recent highs near $6.90, while remaining in a tight consolidation range. The aggregated Open Interest (OI) has stabilized near $166.6 million after a dip, indicating that traders are gradually rebuilding leveraged positions following earlier liquidations, which often precedes short-term rallies. Market data shows UNI is down 1.63% over 24 hours, with a market cap of $3.82 billion. Technically, the price is holding above the $6.20 support level, and indicators like the RSI (at 43.08) and MACD are showing early signs of momentum recovery, suggesting a potential breakout toward $6.80–$7.00 if bullish pressure continues.

(Source：Brave New Coin)