Uniswap (UNI) is retesting its $3.90-$4.20 breakout support after two days of losses. Whales are increasing their purchases on the Uniswap network at these price levels instead of reducing exposure, boosting market optimism. On the derivatives market, 56% of open interest positions are long and Funding Rates have remained positive for several weeks. If buyers defend this support, a rebound could be triggered; a decisive break below would weaken the bullish structure.
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