UNI Price Trajectory Points to Potential Drop and Rally

A recent technical analysis of UNI's price action suggests that the token is facing immediate downside pressure towards $2.90 support due to its current bearish momentum.

However, smart money accumulation patterns indicate a possible reversal rally to $4.20, which would require key levels to hold and renewed institutional interest in DeFi protocols.

The analysis notes that UNI trades below all significant moving averages, with the 200-day SMA creating resistance at $4.83.