UNI Price Sits on Knife's Edge as Sellers Dominate Taker Flows
UNI's price is currently sitting at $3.68 after a 4.26% selloff, and momentum has completely flatlined according to Iris Coleman. The 24-hour candle shows that UNI ran as high as $3.87 but got rejected, resulting in a failed breakout followed by distribution.
The MACD histogram has zeroed out, indicating that the entire bullish leg from the $3.15 SMA50 base up to recent highs has burned through every ounce of momentum. The RSI is sitting at 61, which is far from oversold, meaning there's a significant corridor of downside before any mechanical support kicks in.
Taker flows are running at a buy-to-sell ratio of just 0.85, confirming the dominance of sellers over buyers. This setup is characteristic of post-pump exhaustion, where traders are looking to sell and take profits rather than accumulate more.