UNI Price Rally Hits Resistance: Can It Break Through?

UNI has seen a significant surge in price over the past day, increasing by 5.65% and breaking above every major moving average.

However, despite this impressive surface-level performance, several underlying indicators suggest that the rally may be running on fumes.

The Relative Strength Index (RSI) is currently at 71.70, indicating that the token is in overbought territory, while the Moving Average Convergence Divergence (MACD) momentum has gone flat.

Furthermore, open interest has collapsed by -25.95% over the past 24 hours, suggesting that sophisticated money is systematically exiting futures positions at advantageous levels.