UNI Price Plummets 6.38% as Support Hangs in Balance
UNI's price has taken a significant hit, plummeting by 6.38% in a single session to settle at $4.08.
The critical support level of $3.98 remains intact, but for how long?
A look at the technicals reveals a MACD dead zone, with both the MACD line and signal line stuck at an identical 0.2321, and a histogram reading zero.
This is not consolidation, but momentum hitting a wall before it picks a direction.
The RSI at 61.6 offers no safety net for late longs if selling resumes.
However, UNI remains above every meaningful moving average, with the SMA 7 at $4.05, the SMA 20 at $3.79, the SMA 50 at $3.36, and even the SMA 200 at $3.53 all providing structural support.