Uniswap Price Diverges from Broader Crypto Market as Overbought Warning Sounds

Uniswap's (UNI) price has diverged from the broader crypto market, which fell 2.89% in 24 hours.

The UNI/USDT daily chart shows a strong trend with a price of $6.23, well above all major moving averages: EMA20 ($4.62), EMA50 ($4.11), and EMA200 ($3.87).

However, the RSI14 at 80.98 signals extreme overbought conditions, with price trading above the upper Bollinger Band.

The momentum is reinforced by real usage data: Uniswap V3 fees surged 128.13% over 30 days, and Uniswap V4 shows a similar pattern.

While the daily chart suggests a trend reversal, the 1H and 15m charts show cooling momentum rather than breaking down.