UNI Price at Risk of Sharp Correction

UNI's price has reached $7.04 after a modest 1.51% gain on the session, but beneath this surface-level movement lies a more complex story. The momentum behind UNI has ground to a halt, with the MACD histogram printing exactly zero, indicating that the market is pausing at altitude.

The RSI is currently at 78.21, which is deep in overbought territory, and price is pushing against the upper Bollinger Band at $7.37. The derivatives picture also shows a concerning trend: open interest has dropped 3.61% in the last 24 hours while price barely moved.

This combination of factors suggests that UNI's current price is unsustainable, and a retest of $6.79 is the most probable near-term move. If price breaks below the $7.04 pivot and follows through under $6.79 on elevated sell volume, short exposure with a target of $6.55-$6.01 makes sense.