UNI Price Stalls at $8.90: Bears Eye $7.13 as Smart Money Weighed Down by Waning Momentum

UNI is trading at $8.90, but its momentum has stalled, according to Timothy Morano. The RSI is deep in overbought territory, and the MACD histogram has hit zero, indicating that bulls have exhausted their near-term firepower.

The Bollinger Band picture is equally sobering, with UNI plastered against the upper band at $9.28. This means that a pullback to the middle band at $7.13 becomes an increasingly serious scenario for the next one to two weeks.

Despite over 63% of smart money accounts being net long and retail piling in, open interest dropped 7.28% in 24 hours while price held up. This means that leveraged longs are getting washed out or voluntarily closing, a classic sign of a market that's run up fast and is now digesting.

The bear case for UNI has a probability range of 60-65%, with the next logical landing zone being $8.24 strong support, representing roughly a 7.4% correction from current levels.