Uniswap Rises to $5.93 as Open Interest Rebounds and Buyers Regain Control

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.