Uniswap Coin appears rooted in a consolidation phase, as the stability in open interest, moderate price fluctuations, and cautious accumulation signals point to a market quietly preparing for its next directional push.
Traders now watch for volume sparks to trigger the breakout.
Open Interest Data Reflects Cautious Market Positioning
Recent open interest metrics reveal that Uniswap’s futures positions have remained relatively stable, oscillating between approximately 152 million and 160 million. While these figures suggest steady participation, subtle upticks in open interest often preceded price spikes, hinting at new entries ahead of volatility.
Source: Open Interest
Notably, during the brief price surge on the 21st, open interest climbed slightly, then fell again as prices retraced, implying some positions were closed or liquidated in reaction to swift market swings. This pattern suggests that while traders remain engaged, they are exercising caution rather than committing aggressively.
A sustained rise in open interest without accompanying liquidations could signal growing confidence and a potential build-up toward the next move.
Market Metrics Show Liquidity and Consolidation
Additionally, data from BraveNewCoin indicates that Uniswap is trading at around $6.18, holding a market capitalization of $3.71 billion and a 24-hour trading volume of roughly $264.9 million. With an available token supply of approximately 600.48 million tokens, the asset remains firmly ranked among the top 50 cryptocurrencies.
Source: BraveNewCoin
Price action remains relatively flat, confined in the mid-$6 range after a period of sharp decline from earlier highs. The consistent volume suggests that liquidity remains intact and участников are still active, although directional conviction remains muted. In other words, the market isn’t overly bullish yet, but neither is it collapsing; rather, it seems to be consolidating and waiting for a catalyst.
Technical Indicators Indicate Weakening Downtrend With Early Signs of Support
At press time, UNI/USDT has pulled back sharply from earlier highs near $12.30 and now trades around $6.20, forming a series of lower highs and lower lows typical of a prolonged downtrend. However, recent intraday action shows a modest recovery of +2.78%, suggesting that buyers are beginning to test the waters.
Source: TradingView
The Bollinger Band Power (BBPower) currently sits at approximately –0.666, confirming that bearish momentum continues to dominate. Meanwhile, the Chaikin Money Flow (CMF) holds at +0.06, signaling that money inflows are gradually picking up despite the bearish backdrop.
Together, these indicators portray a cautious environment where downside pressure has eased somewhat, and accumulation may be quietly occurring. For the asset to shift the trend, it will need to break out of its range and build volume, especially if it is to breach near-term resistance in the $7.00–$7.50 zone and regain upward momentum.
