Uniswap (UNI) is moving toward the $7.50 resistance level after briefly retracing from its supply-zone breakout. Open Interest climbed to $501 million, with long positions representing 60% of market positioning, giving bulls an advantage while increasing liquidation risks. Retail activity and spot buying rose, adding another layer of demand behind the recovery. The $7.50 level anchors a liquidity cluster worth over $376 million, making it a significant target for market players. A breakout above $7.50 with decent volume could gather momentum, while a breakdown might trigger mass liquidations and send UNI toward nearest support levels.
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