Uniswap is showing early signs of stabilization after a sharp selloff that briefly disrupted market confidence before price action steadied near the mid-$6 range.
The recent recovery highlights an improving risk sentiment as buyers begin to re-enter the market following a period of intense liquidations.
While overall volatility remains high, derivatives and technical data indicate that sellers may be losing strength, allowing room for the asset I to rebuild momentum toward the $8 resistance zone in the coming sessions.
Open Interest Data Suggests Deleveraging and Market Reset
At the time of writing, UNI/USD traded around $6.61, showing a modest 1.34% rebound on the hourly chart after heavy intraday pressure. The decline in aggregated open interest from approximately $149 million to $148 million occurred alongside the sharp selloff, signaling widespread position closures and liquidations among over-leveraged participants.
This contraction in derivatives activity often marks the end of speculative excess, setting the stage for a more stable and organic market structure.
Source: Open Interest
The current pause in open interest growth reflects a cooling derivatives market, suggesting that short-term traders have stepped back after an overextended period of volatility. This easing of leverage could enable spot demand to play a larger role in price direction. If the asset continues to hold above the critical $6.50 support, analysts anticipate that renewed accumulation could fuel a gradual recovery, with $7.00 and $8.00 emerging as the next resistance objectives.
Market Data Highlights Shaky but Improving Market Sentiment
According to BraveNewCoin, Uniswap’s price stands at $6.57, down 3.11% over the past 24 hours, accompanied by a $3.95 billion market capitalization and $414.4 million in trading volume. Ranked 41st globally, the coin remains a dominant force within the decentralized finance (DeFi) landscape, though recent trading sessions have reflected caution and thinning liquidity.
Source: BraveNewCoin
The chart data shows the token fluctuating between $6.0 and $7.2, illustrating an ongoing consolidation phase following the recent correction. This narrowing range indicates uncertainty but also reveals that sellers are struggling to extend the decline.
Should buying volume increase while volatility subsides, the coin could establish a firmer base for a sustained upward breakout. Analysts note that maintaining stability above the $6.50 area could signal renewed investor confidence, potentially driving a test of the $8 level in the near term.
Technical Indicators Confirm Gradual Buyer Re-Entry
On the other hand, technical data shows UNI/USDT trading near $6.564 on TradingView, marking a daily loss of 6.91% after reaching a high of $7.081 and a low of $6.384. The steep retracement from $8.00 reinforces the short-term bearish structure, yet underlying momentum indicators suggest that buyers are beginning to re-emerge.
Source: TradingView
The Chaikin Money Flow (CMF) indicator prints at 0.18, reflecting modest capital inflow despite the broader decline—a signal that some market participants are accumulating positions at discounted levels. Meanwhile, the MACD histogram remains negative at -0.080, with the signal line at -0.515, underscoring that bearish momentum persists but is gradually weakening.
Should these indicators converge toward neutrality, it would reinforce the thesis that sellers are losing control. For now, maintaining support above $6.50 remains crucial, as a successful hold could provide the technical foundation for a recovery move targeting $8 resistance in the days ahead.