UNI Price Predicted to Hit $3.00 as Bearish Momentum Continues

UNI price has been stuck below its major moving averages after failing to reclaim the 200-day SMA. The token's momentum has flatlined, and the MACD histogram has zeroed out. The RSI is at 38, in the lower neutral range, but drifting towards oversold without a catalyst.

The moving average stack is heavily bearish for UNI, with every major level acting as resistance above current price. The Bollinger Band picture reinforces this view, with UNI grinding along the lower third of its volatility envelope.

Volume is calling the bluff on any near-term bull narrative, and the real-time order flow shows active distribution at a price level that sits barely a few cents above strong support at $3.21.