Uniswap holds 9.74 support after BOS, eyes 11.07 and 11.66

The uptrend is intact after an upside break of structure through 7.48 two bars ago, with 9.74 emerging as the working base beneath the 10.94 swing high.

The structure

The chart is in an uptrend and the regime is trending, supported by strong trend strength at 61.75 and elevated volatility in the 98.4 percentile. The pivot sequence restored higher lows after a single lower low, and the recent break through 7.48 confirms buyers have control of the path of least resistance. The last swing high sits at 10.94, with the prior swing low at 6, defining a broad staircase higher. Momentum has cooled since the high: RSI is 70.92, and a bearish divergence printed three bars ago as price rose from 7.483 to 10.942 while RSI slipped from 84.3 to 68.8. Even so, moving averages are aligned: the short-, mid- and long-term EMAs are stacked at 8.04, 6.45 and 4.77, respectively, and price is well above the anchored VWAP at 6.3. Volatility expansion is evident with Bollinger bandwidth at 74.89 and a 96.43 percentile, and realised range remains elevated with an ATR of 0.8175 and an ATR percentage of 8.39. MACD remains positive with the line above the signal (1.1304 vs 0.9966) and a positive histogram of 0.1338.

What the levels say

• Nearest support sits at 9.74 (four touches, strength 0.676). Price closed at 9.74, underscoring the pivot’s relevance.
• First resistance is 10.33 (two touches, strength 0.508). A clean push and hold above there refocuses the prior high at 10.94.
• Above 10.94, the upside objectives are 11.07 (two touches, strength 0.698) and then 11.66 (two touches, strength 0.46).
• If 9.74 fails on a daily close, the next supports stagger at 8.6 (six touches, strength 0.812), 7.67 (seven touches, strength 0.988), 6.7 (12 touches, strength 0.841) and 5.8 (16 touches, strength 0.926). These tiers map a deep cushion under the current trend should a pullback develop.

The level map is clear: 9.74 is the pivot to defend; 10.33 is the first test overhead; 10.94 is the swing high gate; 11.07 and 11.66 are measured upside waypoints if momentum resumes.

Positioning

Derivatives are calm rather than crowded. Funding is 0.000031, below the 7‑day average of 0.000078, and sits at a 22.22 percentile — constructive for sustained trends without excessive long carry. Open interest stands at 28154695 and has risen 1.49% over three days, indicating a modest build as price consolidates near support. Spot participation is light: latest volume is 4064563.4 against a 20‑session average of 10950011.2, a ratio of 0.37, so breakouts will need futures engagement or a pickup in spot. Sentiment is firm with a fear/greed reading of 74 (Greed), consistent with risk appetite but not yet reflected in funding.

The setup

Bias: long while the 9.74 support cluster holds. The entry sits in the 9.74–9.94 window, aligning with the identified pivot. Invalidation is 9.33 on a daily close. The first upside checkpoint is 10.33; clearing that reopens the 10.94 swing high, with targets at 11.07 and 11.66. The risk‑reward profile for this mapped path is 2.41. The structure supports continuation: EMAs are positively stacked, MACD is positive, and positioning is constructive with low funding and a controlled open‑interest build. The counterpoint is momentum fatigue from the noted bearish divergence; that argues for respecting the invalidation if the base gives way.

A decisive daily close below 9.33 would change the thesis, putting the focus on 8.6 and 7.67 and converting the recent break into a failed move. Alternatively, repeated rejection at 10.33 alongside a jump in funding toward or above 0.000078 with rising open interest would signal crowding into longs without progress, raising risk of a squeeze back into the 9.74 cluster.