Thoughts on UNI's current structure

Been watching $UNI for a bit here, and it's starting to look like a pretty classic compression developing around this $2.94 level. We've seen it bounce off $2.90 quite firmly today, but the rallies are getting sold into just as quickly up near $3.03. To me, that suggests the market is building energy, not necessarily for a massive breakout, but for a decisive move. I'm leaning towards a break below $2.90 being the more likely scenario given the broader crypto sentiment, potentially sending us to retest those late December lows around $2.80 or even lower. The risk that invalidates that idea, of course, would be a strong push and hold above $3.03 on decent volume, which would indicate buyers are finally stepping in with some conviction rather than just scalping bounces. Right now, it feels like a waiting game, with the downside looking more vulnerable. Just my two cents, obviously.