Uniswap exchange is showing resilience near the $7.80 support zone, with short-term traders closely monitoring its behavior for a potential upward reaction.

After several days of fluctuating volatility, the token appears to be consolidating within a defined trading band, while market data points to reduced speculative activity — a sign that participants may be waiting for a clear directional cue before committing to new positions.

Highlights Show Tactical Scalp Setup

According to analysts, Uniswap’s current structure presents a favorable scalp trading opportunity for those seeking short-term gains. The analyst’s chart highlights a gray consolidation zone acting as a reliable support area, from which the coin recently rebounded after briefly testing the $7.80 level.

Source: X

Analyst outlines a risk-managed setup, placing a stop loss near $7.80 to guard against downside risk while targeting an upside move toward $9.60 — roughly a 15% potential gain. The profit-to-risk ratio, visually mapped in the chart, underscores the tactical appeal of this trade, provided that the token holds its footing above the local support.

This strategy reflects growing trader confidence that the coin’s current pause could evolve into a short-term bounce, though the analyst cautions that failure to maintain the $7.80 threshold would invalidate the setup and likely lead to renewed selling pressure.

Market Data Suggests Stabilization as Volatility Eases

According to BraveNewCoin data, Uniswap exchange is currently trading at $7.92, marking a 1.90% gain in the last 24 hours. The token holds a market capitalization of $4.75 billion with a daily trading volume of $270.3 million, ranking 41st among global cryptocurrencies.

Source: BraveNewCoin

Recent trading sessions have seen the price oscillate between $8.00 and $8.40, before a retracement toward the $7.80 region, where buyers have stepped in to defend support. The resulting rebound to $7.90 suggests that demand remains active, though broader conviction among long-term holders is still lacking.

Traders interpret this stabilization as a possible prelude to renewed volatility — where a breakout above $8.50 could reignite bullish sentiment, while a breakdown below $7.80 might extend the corrective phase toward $7.40 or lower.

Declining Open Interest Signals Market Caution

At the time of the report UNI/USD 1-hour chart reveals a period of declining speculative participation. Open interest, which began in October at above $320 million, has steadily dropped to $282.7 million — mirroring the recent price correction. This contraction signals waning leverage and a reduction in aggressive short-term positioning from both bulls and bears.

Source: OpenInterest

Such behavior typically points to a market in waiting, where participants reduce exposure amid uncertainty and look for confirmation before re-entering in size. Analysts suggest that a rebound in open interest, particularly if accompanied by a strong breakout candle above resistance, could act as an early signal of renewed engagement and momentum.

For now, the combination of shrinking open interest and narrowing price ranges supports a cautious stance. The next decisive move will likely depend on whether the crypto can attract volume and break through its short-term ceiling around $8.50, paving the way for higher targets.