Thoughts on UNI's current struggle to break 2.98

Been watching $UNI for a bit here, and it's looking a bit anemic around the 2.98 mark today. We touched 2.98285 earlier, but it just hasn't been able to sustain any momentum above that. It feels like there's a pretty strong ceiling right there, almost like a magnet pulling it back down. The intraday low of 2.89009 wasn't exactly inspiring either, implying that while we're not free-falling, there isn't a lot of conviction to the upside.

My personal read is that if we can't get a convincing close above 2.98 and ideally push towards 3.00, we might see a retest of the lower range, perhaps even dip towards 2.80 again. The risk, of course, is that a sudden surge in overall crypto sentiment could blow right through this level. But right now, it feels like the bears are just sitting patiently, waiting for it to falter.