The post Uniswap Exchange Holds Near $6.20 as Market Consolidates and Open Interest Remains Flat appeared on BitcoinEthereumNews.com.

Uniswap is entering a period of muted market activity, with price action showing little conviction and derivatives metrics signalling hesitation among traders. After a multi-day drift between $6.00 and $6.20, momentum remains weak across both spot and futures markets. With technical indicators offering mixed signals and no decisive catalyst emerging, the coin is positioned in a consolidation phase where traders await a clearer direction. Open Interest Stability Highlights Neutral, Low-Conviction Market UNI’s price has continued to oscillate within a narrow band, fluctuating between $6.00 and $6.20 with minor intraday swings. The broader structure from November 18 to 23 shows a slight downward lean, as each small bounce is met with soft selling pressure. The alternating teal and red candles reveal indecision, reinforcing the view that UNI is lacking strong directional momentum at this stage. Source: Open Interest Aggregated open interest mirrors this subdued behaviour. OI has remained almost perfectly flat between 198.6M and 198.7M, signalling that traders are neither aggressively opening new positions nor unwinding existing ones. The absence of significant OI spikes suggests a market in equilibrium, with neither speculative leverage nor panic-driven exits shaping the tape. This combination of stable OI and narrow price movement typically indicates consolidation rather than trending behaviour. Traders appear to be holding positions and waiting for a stronger catalyst, be it macro developments, ecosystem updates, or technical breakouts. Until such forces emerge, the market is likely to remain in a low-volatility posture. Data Shows Mild Daily Decline as Fundamentals Hold Steady BraveNewCoin lists the coin at $6.20, reflecting a modest 2.38% decline over the last 24 hours. With a market cap of $3.90 billion and a daily trading volume of $444.9 million, the token remains a top-tier asset by activity even amid subdued sentiment. The circulating supply of 629.89 million tokens keeps the…

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Filed under: News - @ November 23, 2025 8:25 pm