UNI detonated 17.84% in a single session on the back of a textbook short squeeze, but with RSI scorching above 82 and MACD momentum dead-flat, the $11.39 resistance wall will decide whether this ra...

UNI didn't just move today — it detonated. A nearly 18% single-session surge from a low of $8.68 to an intraday high of $10.94 is not organic buying; that's a short squeeze, plain and simple. The dead giveaway? Open interest on Binance Futures collapsed by 28.55% in 24 hours while price ripped higher. That's the fingerprint of a liquidation cascade — trapped shorts getting torched and forced to cover, not new longs piling in with fresh thesis and conviction.

That distinction matters enormously for what happens next. Squeeze-driven rallies are violent, fast, and — critically — they tend to exhaust themselves the moment the short fuel runs dry. The taker buy/sell ratio of 1.18 confirms there is still some genuine bid in the market, and with smart money longs sitting at 65.5% according to Binance's top trader data, not everyone is running for the exits. But the character of this move puts the burden of proof squarely on the bulls. Blockchain.news has been tracking the broader DeFi sector's resurgence in 2026, and UNI's eruption fits into a wider narrative of governance tokens playing violent catch-up — but catch-up trades have a shelf life.

47 sits in a precarious no-man's land. 94, which already signals some profit-taking is underway. 39 before the momentum clock runs out.

Source link