Market Overview: Uniswap/Tether (UNIUSDT) 24-Hour Analysis

• Price action shows a moderate upward trend in the final hours.
• Key support around $9.40 and resistance near $9.50 remain relevant.
• Volatility expanded mid-day, with a peak in volume around 22:15 ET.
• RSI signaled overbought conditions during the late-night rally.
• Price closed near the upper Bollinger Band, signaling strong momentum.

Uniswap/Tether (UNIUSDT) opened at $9.413 on 2025-09-14 at 12:00 ET and closed at $9.47 on 2025-09-15 at 12:00 ET, reaching a high of $9.533 and a low of $9.327. Total volume was 1,365,246.46, and notional turnover amounted to $12,907,244.92.

Structure & Formations

Price action formed a bullish pattern in the latter half of the 24-hour window, with a series of higher highs and higher lows emerging after a consolidation phase. A notable bullish engulfing pattern emerged at 05:30 ET, which marked the start of a sustained rally. A key support level appears to be forming at $9.40, as the price found support multiple times and bounced off it. Conversely, resistance is tightening around $9.50, with a strong candle pinning near $9.533.

Support / Resistance Levels

Key support levels include $9.40, $9.37, and $9.327. Resistance levels to watch are $9.50, $9.53, and the psychological level of $9.55. A break above $9.53 may test the next strong resistance, while a breakdown below $9.40 could accelerate bearish sentiment.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart both moved higher, aligning with the recent bullish trend. The 20-period MA crossed above the 50-period MA (a golden cross), reinforcing the short-term bullish momentum. On the daily chart, the 50-period MA sits above the 100- and 200-period MAs, suggesting a healthy medium-term trend.

MACD & RSI

The MACD turned positive and crossed above the signal line in the late hours, confirming a bullish momentum shift. RSI surged past 70 multiple times, indicating overbought conditions, particularly during the 05:00 to 06:00 ET rally. However, the RSI did not show signs of immediate exhaustion, suggesting continuation into overbought territory is plausible. Divergence was observed in the RSI at 01:30 ET, as price made a new low but RSI did not, hinting at a potential reversal or consolidation phase.

Bollinger Bands

Volatility increased significantly around 22:15 ET and again during the 05:00–06:00 ET rally. Price action remained well above the middle Bollinger Band and touched the upper band on multiple occasions. A contraction phase in the morning was followed by a sharp expansion, a classic precursor to a breakout or breakdown.

Volume & Turnover

Volume surged to its peak at 22:15 ET with a $9.497 close, suggesting institutional involvement or a large buy wall. This was followed by a pullback in the next hour, which may indicate profit-taking. Notional turnover also spiked during this period. Price and turnover aligned during the late-night rally, offering confirmation rather than divergence.

Fibonacci Retracements

Fibonacci levels applied to the swing from the 01:30 ET low of $9.327 to the 05:30 ET high of $9.533 suggest key retracement levels at 38.2% ($9.476) and 61.8% ($9.413). The 38.2% level was closely tested but not broken, while the 61.8% level has acted as a dynamic support. A move above $9.533 could target the 78.6% level at $9.588.

Backtest Hypothesis

A potential backtest strategy for this market could involve a breakout above the 38.2% Fibonacci level with confirmation via MACD and RSI. A long entry would be triggered on a close above $9.475, with a stop just below the 61.8% level at $9.413. A target would be set at the next Fibonacci level at $9.588. Volume expansion and alignment with the 20-period MA further strengthen the signal. This strategy is well-suited for a 4–8-hour trade in a high-volume and high-volatility environment like the one observed over the last 24 hours.