$UNI

The chart shows the price above the 200-period Simple Moving Average (SMA) at around $7.351, suggesting a bullish sentiment in the short term as long as the price remains above this level.

RSI (Relative Strength Index)The RSI is at 77.34, indicating overbought conditions, which may lead to a short-term correction or consolidation if buying momentum slows down.

MACD (Moving Average Convergence Divergence)The MACD shows positive momentum with a recent bullish crossover. The histogram is expanding, indicating an increase in bullish momentum, which aligns with the recent price surge.

Support/Resistance LevelsThe price faces resistance around the $9.00 level, as seen from prior consolidation zones. This level may act as a significant barrier if the price continues to rise.Immediate support lies at the SMA level of $7.351, followed by the $8.00 area, which could serve as a potential retracement level if there is a pullback.

Bullish Scenario: If buying momentum continues, a breakout above the $9.00 resistance could lead to further gains, with possible targets at $10.00 or higher, especially if volume supports the breakout.Bearish Scenario: If the RSI and MACD show signs of weakening, there might be a pullback toward the $8.00 support or even the SMA at $7.351, which would act as a critical support zone to watch.

Disclaimer

This analysis is for informational purposes only and does not constitute financial advice.