Market Overview for Uniswap/Tether (UNIUSDT) – 2025-09-20

• Price dipped to a 24-hour low of $9.094 before rebounding to close near $9.237 on strong late-volume.
• Momentum shifted from oversold to neutral territory on RSI, with MACD showing a bullish crossover.
• Volatility expanded during the overnight dip, with Bollinger Bands widening significantly.
• Volume surged over 70,000 during key breakout attempts in the early hours of the morning.
• Key support was tested at $9.134 and rejected, suggesting short-term bullish bias.

Uniswap/Tether (UNIUSDT) opened at $9.186 on 2025-09-19 12:00 ET, hit a 24-hour high of $9.281 and a low of $9.094, and closed at $9.232 on 2025-09-20 12:00 ET. Total volume was 678,103.86 and notional turnover amounted to $6,132,789.17, reflecting heightened interest in the pair.

Structure & Formations

The price action over the past 24 hours displayed a strong bullish reversal after a sharp intraday pullback from $9.281 to $9.094. The breakdown attempt at $9.134 was rejected with a large bullish engulfing pattern forming in the early morning hours. A doji formed near $9.14, indicating indecision. Key resistance levels to watch include $9.237 and $9.25, while $9.134 and $9.103 appear as critical supports.

Moving Averages

On the 15-minute chart, the 20-EMA crossed above the 50-EMA in the late morning hours, signaling a short-term bullish bias. On the daily chart, the 50-day SMA has been rising, and the 100- and 200-day SMAs remain in bearish territory, suggesting a mixed technical outlook across timeframes.

MACD & RSI

The 15-minute MACD showed a bullish crossover in the morning, confirming the rebound from key support. RSI moved from oversold territory below 30 to a neutral 45–50 range by the close, indicating improving momentum. The MACD histogram expanded in the early hours, aligning with increased buying pressure. However, the RSI has yet to confirm a sustained overbought condition above 60.

Backtest Hypothesis

A potential strategy based on the 20- and 50-EMA crossovers, combined with RSI levels and volume confirmation, could be backtested for short-term entries. For example, a long signal could be triggered when the 20-EMA crosses above the 50-EMA and RSI moves above 40, with volume increasing by at least 30% compared to the prior bar. A stop-loss could be placed at the 61.8% Fibonacci level of the previous downtrend. This approach appears aligned with recent price behavior and could be tested over prior weekly data.

Bollinger Bands

Bollinger Bands showed a significant expansion during the overnight dip, with price hitting the lower band at $9.094. The subsequent rebound pushed the price back into the upper half of the bands by the morning, indicating a shift in sentiment. The width of the bands has remained above average, suggesting higher-than-normal volatility. Traders may expect continued price swings within the expanded range until a consolidation phase begins.

Volume & Turnover

Volume spiked sharply during the morning rebound, with the largest candle (volume 77,510) occurring at 07:45 ET as the price bounced from $9.227 to $9.225. The notional turnover aligned with this volume spike, reinforcing the move. A divergence occurred earlier in the session, with price dropping to $9.112 while volume remained muted, suggesting a weak bearish signal. However, the divergence was later invalidated by strong volume during the rebound.

Fibonacci Retracements

Fibonacci levels from the overnight low of $9.094 and the high of $9.281 showed the 61.8% level at $9.219 and the 38.2% at $9.199. Price held above the 61.8% level during the morning, suggesting strong demand in that region. On the daily chart, the 50% retracement of the recent bearish move aligns with current price action, indicating a potential consolidation phase ahead.

The next 24 hours may see traders focusing on whether the current rebound can carry through to the $9.281 high. A break above $9.25 may trigger more aggressive buying, but a retest of the $9.237 level could offer a second entry opportunity. Investors should remain cautious of a pullback to the $9.134 support, where a breakdown could reignite bearish sentiment.