# Crypto Token UNI Hits Resistance Near $6 Level Following 80 Percent Rally > Uniswap pull backs below the $6.00 threshold on Thursday after surging over 80 percent in recent weeks. Derivatives liquidations and an overbought RSI suggest potential short-term consolidation for the altcoin. **Type:** article · **Category:** Crypto · **Published:** 2026-09-03 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/crypto/80-pratishata-teji-ke-bada-6-ke-stara-para-thami-uniswap-ki-raphtara-janen-takaniki-snketa-26967 · **Language:** English **Tags:** Uniswap, Bitcoin, Cryptocurrency, Altcoins, Price Prediction, CoinGlass, Technical Analysis, finance The impressive rally in Uniswap faced friction on Thursday as the token retreated by 2% after failing to maintain traction above the key $6.00 resistance level. The pull back follows a extended upward momentum starting August 15, during which UNI surged over 80% to reach a fresh annual high of $6.38 on Wednesday. As profit booking kicked in around the overhead barrier, Uniswap was trading near $5.73 during market hours. ## Derivatives Wipeout and Falling Open Interest Data from analytics provider CoinGlass highlights a shift in market positioning. Uniswap Open Interest (OI) dropped 12% over the last 24 hours to stand at $480.85 million. The decline points to trader liquidation and a reduction in position notional value accompanying the spot price pullback. Total liquidations reached $2.85 million across exchanges in the past 24 hours, heavily dominated by long liquidations amounting to $2.15 million. Despite this derivative unwinding, the OI-weighted funding rate remains positive at 0.0094%. This indicates that leverage traders are still paying a premium to hold long positions in anticipation of a potential trend continuation. ## Golden Cross Support and Key Technical Targets From a chart perspective, Uniswap retains a constructive medium-term structure. The 50-day Exponential Moving Average (EMA) at $4.15 recently crossed above the 200-day EMA at $3.98, confirming a Golden Cross setup. This technical milestone typically validates an ongoing uptrend reversal. Momentum indicators show signs of short-term exhaustion. The Relative Strength Index (RSI) stands at 74 on the daily timeframe, flagging overbought conditions that often precede a temporary consolidation. Meanwhile, the Moving Average Convergence Divergence (MACD) remains above its signal line. If buyers push UNI past the R1 Pivot Point at $6.09, the next resistance targets lie at $6.95 and $8.41. On the downside, immediate support rests at the broken trendline near $4.74, with stronger demand likely waiting at the 50-day EMA of $4.15. ## Altcoin Performance and Sector Divergence The broader altcoin space displays mixed performance. Ripple (XRP) is attempting to consolidate within a defined support zone, whereas Stellar (XLM) has slipped below a cluster of moving averages. Conversely, Layer-2 scaling solution Arbitrum and Pyth Network recorded double-digit percentage gains over the past 24 hours, leading the top gainers list. ## Bitcoin Momentum and Macro Correlation Bitcoin continues to trade above the $77,000 mark, with live market figures showing BTC at $77,649. Notably, Bitcoin's 90-day correlation with Gold has climbed to nearly 50%. A report from analytics firm Glassnode indicates that Bitcoin faces a battle between a solid accumulation zone beneath current price levels and a dense concentration of overhead supply overhead. ## What this means for you Recent price fluctuations in Uniswap and broader crypto markets highlight key tactical levels for traders and investors. - **For Crypto Investors:** With Uniswap RSI reading 74 in overbought territory after an 80% rally, fresh entry risks are elevated near $6.00 resistance. Watching support at $4.74 and $4.15 is critical. - **For Derivatives Traders:** Over $2.15 million in long liquidations in 24 hours underscores the dangers of high leverage during resistance tests. Maintaining adequate margin buffers is essential. - **For Bitcoin Holders:** BTC holding above $77,000 with a 50% 90-day Gold correlation signals strength as a macro store of value despite overhead supply congestion. - **For Altcoin Traders:** Capital is rotating into top performers like Arbitrum and Pyth Network, which recorded double-digit gains amid Uniswap consolidation. ## Questions & Answers ### 1. What is Uniswap trading price following the Thursday pullback? Uniswap dipped 2% on Thursday, trading around $5.73 after being capped below the $6.00 mark. ### 2. What was Uniswap recent annual peak? Uniswap reached a new annual high of $6.38 on Wednesday following an 80% rally that started on August 15. ### 3. How much did Uniswap Open Interest drop? CoinGlass data indicates that Uniswap Open Interest fell 12% to $480.85 million over a 24-hour period. ### 4. What are the primary support and resistance levels for UNI? Immediate resistance lies at $6.09 (R1 Pivot), while downside support is identified near $4.74 and the 50-day EMA at $4.15. ### 5. How is Bitcoin performing alongside macro assets? Bitcoin is trading above $77,000 at $77,649, with its 90-day correlation with Gold reaching nearly 50%. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._