Uniswap Rises to $5.93 as Open Interest Rebounds and Buyers Regain Control
Uniswap's price rebounded to $5.93, supported by stabilizing open interest and renewed buyer conviction after a recent liquidity sweep.Summary
Uniswap (UNI) has experienced a price rebound, reaching $5.93, signaling a potential structural reset following a recent downtrend that saw the price dip below $5.40. This decline cleared leveraged long positions, establishing a new structural low before buyers regained control, pushing the price from $5.50 toward $6.00.
Supporting this bullish shift is the behavior of Open Interest (OI), which had fallen during the selloff but began climbing again as the price stabilized, indicating renewed trader participation. On the daily chart, while UNI is still correcting from earlier highs, momentum indicators like the MACD are showing easing bearish pressure, although the Chaikin Money Flow (CMF) remains slightly negative, suggesting capital inflows need to strengthen further for a confirmed reversal.
At the time of reporting, UNI was trading at $5.93, with renewed interest in DeFi assets contributing to the positive price action.
(Source：Brave New Coin)