While the token has avoided deeper declines, its broader trend remains cautious, with traders assessing whether the crypto is beginning a slow accumulation phase or simply pausing before another leg lower.
Recent price action, open-interest behavior, and daily momentum indicators offer a clearer picture of the token’s short-term direction.
Support After Sell-Off as Open Interest Rises Back Toward Mid-Range Levels
UNI’s 1-hour chart shows the token initially under heavy pressure, with a persistent decline forming a sequence of lower highs and lower lows across the 21st and 22nd. This phase was driven by decisive selling that pushed the price into a local bottom, where volatility compressed and candles tightened. The structure reflected exhaustion from sellers and hesitancy from buyers who were waiting for confirmation of support.
Source: Open Interest
A strong recovery emerged on the 23rd–24th as bullish momentum drove price sharply higher, breaking the intraday downtrend and forming a new series of higher lows. This rally signalled a shift in sentiment, with buyers reclaiming control and pushing the crypto back into its mid-range zone.
After reaching the upper boundary of the short-term structure, the market transitioned into a more neutral pattern marked by sideways movement and slowing volatility. This change reflects indecision, suggesting traders are awaiting fresh signals before committing to new positions.
Aggregated open interest reinforces this narrative. Early in the decline, OI trended lower as traders closed positions rather than adding exposure, indicating a de-risking phase typical of a flush-out. As the crypto rallied on the 23rd–25th, open interest climbed steadily, reflecting renewed speculative participation aligned with bullish price action.
The recent flattening of both price and OI shows declining momentum and a reduction in trading activity, a combination that often precedes a larger directional move. Market participants are now watching for a breakout above the recent intraday highs or a breakdown beneath the consolidation floor to determine the next trend leg.
UNI Gains 0.44% With Market Cap Near $3.87 Billion
According to BraveNewCoin data, Uniswap is trading at $6.13, up 0.44% over the past twenty-four hours. The token’s market capitalisation sits at $3,868,651,517, supported by a trading volume of $295,267,736. With an available supply of 629,892,750 tokens and a ranking of 41, the asset remains a major player in the DeFi sector, even as market conditions remain mixed.
The token’s intraday range between $6.00 and $6.25 shows reduced volatility compared to last week’s more aggressive swings. Volume remains close to $292 million, indicating steady market participation but not enough to trigger a significant breakout. The token’s ability to hold above $6.00 suggests solid support, though the lack of strong upward momentum points to persistent overhead supply. Until the token can reclaim higher levels, bullish sentiment may remain limited.
Downtrend Slows as MACD Weakens and CMF Turns Deeply Negative
On the daily timeframe, UNI remains in a larger downtrend that began after its summer peak. The chart shows a series of lower highs forming throughout August and September, followed by an acceleration of selling pressure into October. Although a brief recovery rally occurred earlier this month, it failed to establish a sustained uptrend, pulling the price back into a neutral-to-bearish range.
Source: TradingView
The MACD indicator remains weak, with the MACD line sitting below the signal line and both positioned under the zero axis. The histogram has turned slightly red again, reflecting renewed but soft bearish momentum. While the indicator shows a slowing decline, there is no confirmation yet of bullish strength or a trend reversal. For the coin to regain traction, the MACD must cross above the zero line with expanding momentum.
The Chaikin Money Flow paints a similarly cautious picture. CMF currently sits near −0.32, signalling significant capital outflows and limited buyer engagement. This persistent negative reading aligns with UNI’s difficulty holding higher levels and reinforces the view that accumulation remains weak.
