Uniswap’s UNI token surged 15% to $4.00 following a 144% increase in trading volume, signaling a return of aggressive spot buying. Technical indicators show bullish momentum, but the token remains below key resistance levels amid a significant rise in leveraged long positions.
Uniswap’s governance token, UNI, rallied 15% to $4.00 as spot trading volume surged over 144%, indicating a return of aggressive buyer participation to the market. The price movement reflects renewed speculative interest rather than thin trading conditions.
The token continues to trade within a broader daily downtrend, with major resistance levels at $4.92 and $6.60. It has defended structural support at $3.13 after multiple retests, which has anchored the short-term recovery.
According to CoinGlass data, Open Interest jumped 27.55% to $282.94 million, reflecting aggressive leveraged positioning entering the rebound. This expansion indicates traders have opened fresh positions rather than simply closing shorts.
On Binance, top traders have tilted decisively long, with 61% of accounts positioning for upside. This imbalance confirms that professional accounts expect continuation, according to CoinGlass data.
The Directional Movement Index (DMI) structure shows strengthening buyer dominance, with the +DI climbing to 32.56 while the -DI fell to 17.26. This crossover reflects growing directional bias in recent sessions, though the ADX reading of 23 suggests the trend is developing rather than at full strength.
