Uniswap Price Slips to $5.81 as Open Interest Holds Near 183M

The market remains in a soft consolidation structure as derivatives positioning normalises and spot activity aligns with broader downside flows across altcoins.

Open Interest Stays Flat Near 183M

UNI’s 1-hour chart shows a gradual decline from the $6.20–$6.10 band into the current $5.81–$5.83 area, reflecting steady selling pressure through December.

Candles show a sequence of lower highs and narrow bodies, indicating reduced momentum and controlled volatility rather than a disorderly breakdown.

The recent dip toward $5.81 marks the lower end of the intraday range as markets continue to react to weakness that began late last week.

Source: Open Interest

Aggregated open interest has remained steady during the decline. OI fluctuated between 183.12M, 183.15M, and 183.07M, and is now holding near 183.11M.

The stability in OI despite price fading suggests that derivatives traders are not aggressively adding new directional positions. Instead, the market appears balanced, with neither long nor short positioning dominating.

This environment typically reflects a wait-and-see stance as participants reassess volatility and directional conviction.

The lack of a major OI spike or washout signals that the coin’s decline is being driven primarily by spot weakness and structural market rotation, rather than liquidation-driven volatility.

Lists UNI at $6.01 with Market Cap at $3.79B and Volume at $301M

According to BraveNewCoin, Uniswap trades at $6.01, down 1.95% in the past 24 hours. The asset’s current low sits at $5.86, while the intraday high reached $6.18, aligning with the broader market’s tightening ranges.

The token maintains a market capitalisation of $3.79B, supported by a circulating supply of 629.91M tokens. Daily volume stands at $301M, consistent with moderate trading activity rather than the elevated turnover seen during November’s volatility.

The token remains 86.61% below its all-time high of $44.92, underscoring the depth of the multi-year correction since 2021. Market conditions continue to reflect repositioning rather than strong accumulation, with liquidity rotating out of high-beta altcoins during broader market consolidation.

Indicators Show Weak Momentum as UNI Extends Corrective Structure

On the other hand, UNI/USD on the daily chart remains in a corrective downtrend after failing to sustain levels above the $10–$12 zone earlier in the quarter. Price now trades around $5.80, forming a sequence of lower highs since late October.

Recent candles present small bodies and overlapping ranges, signalling indecision and consolidation just above the recent structural low near $4.70.

Source: TradingView

The MACD line remains below the signal line, with both positioned above zero but trending downward. This indicates fading bullish momentum following November’s sharp upside spike. The negative yet shrinking histogram reflects slowing downside momentum, though not enough to signal a reversal, keeping the coin vulnerable if sellers regain control.

Chaikin Money Flow (CMF) has slipped back below zero after a brief extreme positive spike, showing that earlier inflows have cooled and distribution is currently dominant. The indicator suggests limited accumulation as liquidity shifts remain cautious.

Until CMF reclaims positive territory and the coin breaks above local swing highs with stronger volume, the chart structure favours continued consolidation rather than confirmed trend reversal.