According to Coinotag, Uniswap’s UNI token surged 14.53% in the past 24 hours to $6.75, rebounding from its descending channel support amid rising trading volume and open interest. Short liquidations hit $23.58K versus $563 in longs, indicating bearish exhaustion and potential for further gains. Open interest rose 26.92% to $353.45 million, signaling increased leveraged trader participation.
Uniswap’s UNI Surges 14.53% Amid Rising Volume and Short Liquidations
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