UNI Price Plummets 11%, Open Interest Surges, and Bears Gain the Edge

UNI recently plummeted nearly 11% in a single session, causing open interest to surge 27.29% to over $311 million on Binance futures.

This setup is considered treacherous as positioning data and actual order flow contradict each other.

The token's price action is stress-testing the structural uptrend, which remains intact despite the recent volatility.

Key resistance levels include $10.16, with a pivot point at $9.59 sitting above current price, making it a crucial level for bulls to reclaim on meaningful volume.