UNI Price Rally on Thin Ice as Open Interest Collapses and MACD Momentum Stalls

UNI has experienced a significant price surge, increasing by 5.65% in just 24 hours and breaking above every major moving average.

This uptrend seems impressive on the surface, but upon closer inspection, there are warning signs that the rally is running out of steam.

The Relative Strength Index (RSI) has reached overbought territory at 71.70, and the MACD momentum has gone completely flat, indicating a lack of acceleration in the rally.

Additionally, open interest has collapsed by -25.95% over the past 24 hours, suggesting that large money is exiting the market, rather than entering it with conviction buying.