Uniswap (UNI) is trading between $7.20 and $7.60, with technical indicators signaling market consolidation and rising speculative interest in derivatives.
The surge in UNI derivatives open interest indicates increased speculative engagement, potentially leading to a price breakout, with resistance at $7.60 and a possible target of $7.80.
Intraday price movements show UNI experiencing incremental buying pressure with higher lows and moderate volume support, indicating genuine interest in the asset.
Technical indicators suggest mild bullish momentum for UNI, with consolidation between $6.80 and $7.50, RSI above midpoint, and MACD signaling a potential trend shift contingent on sustained buying volume.