$UNI

Moving Averages:

200 SMA: The price has crossed above the 200 SMA, which is currently positioned at approximately 7.54. This level may act as a potential support in the event of a pullback. Sustaining above the 200 SMA would typically be seen as a bullish indication, signaling potential for further upward movement if buying momentum increases.

Relative Strength Index (RSI):

Current RSI Value: 48.10Analysis: The RSI is close to the midpoint at 48, suggesting neutral momentum. The indicator is neither in overbought nor oversold territory, implying that the market might currently lack a strong directional bias. A move above 50 could indicate bullish momentum, while a drop below 40 might suggest increasing bearish pressure.

MACD:

Current MACD Value: 0.033Signal Line: -0.010MACD Analysis: The MACD is slightly positive, with a value above the signal line, which hints at a minor bullish momentum. However, as the values are close, it suggests low momentum. A strong bullish crossover or divergence would be required to signal a more convincing bullish scenario

Support and Resistance Levels:

Support Levels:7.54 (200 SMA level, potential support in case of pullback)7.00 (psychological and recent low)Resistance Levels:8.00 (key psychological level)9.00 (upper resistance marked by the recent highs)

Bullish/Bearish Scenarios:

Bullish Scenario: Sustained trading above the 200 SMA, coupled with an RSI rise above 50 and a positive MACD crossover, could indicate continued bullish momentum with an upside target towards 9.00

Bearish Scenario: A break below 7.54 (200 SMA) may shift the bias to the downside, with initial support at 7.00. If RSI drops further and MACD turns more negative, further downside to 6.50–7.00 could be expected.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own research before making any trading decisions.