Market Overview for Uniswap/Tether (UNIUSDT)

Summary
• Price tested key resistance at $5.69–5.70 and retracted to $5.56–5.58.
• RSI shows overbought levels in late morning, confirming bullish momentum.
• Bollinger Bands show moderate volatility expansion during late ET hours.
• Volume surged during the $5.56–5.73 range, with no clear divergence in turnover.
• A bullish engulfing pattern formed at $5.65–5.68, suggesting potential short-term bullish bias.

Uniswap/Tether (UNIUSDT) opened at $5.485 on 2025-12-07 at 12:00 ET and closed at $5.65 at 12:00 ET on 2025-12-08, reaching a high of $5.772 and a low of $5.368. Total 24-hour volume was approximately 1,957,149.95 UNI, and notional turnover was $10,489,218.88.

Structure & Formations

Price formed a key bullish engulfing pattern near $5.65–5.68, indicating a short-term reversal from a bearish trend. A potential support zone appears to be forming between $5.56 and $5.58, where price has shown multiple bounces. A larger bearish flag pattern was visible from $5.73 to $5.56, with a possible target of continuation below $5.50 if broken.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages showed a bullish crossover at $5.65, reinforcing the recent upward thrust. Daily moving averages (50, 100, 200) were in a downtrend, with the 50-day at approximately $5.55 and the 200-day around $5.45, suggesting medium-term bearish bias could still be in place.

MACD & RSI

The MACD showed a bullish cross in early morning hours, with a rising histogram reinforcing momentum. RSI hit overbought levels (70–75) in the late morning and early afternoon, suggesting a potential correction. However, the strong price move above $5.70 and sustained close above key levels indicates buyers are still in control.

Bollinger Bands

Bollinger Bands expanded significantly during the price surge to $5.772, indicating increased volatility. Price closed near the upper band, suggesting continuation bias for another day, though a retest of the middle band (~$5.64) could be expected.

Volume & Turnover

Volume spiked during the key consolidation phase at $5.56–5.73, with the largest volume observed during the breakout above $5.70. Notional turnover increased alongside price, showing no divergence. This supports the idea of a legitimate continuation rather than a false break.

Fibonacci Retracements

Fibonacci retracement levels from the recent swing high at $5.772 and low at $5.56 show a 61.8% level at around $5.66–$5.67, which was tested and held. A break below the 38.2% level at $5.61 could trigger a short-term correction toward $5.55.

Price may continue to test resistance above $5.70 in the next 24 hours, with a potential pullback to the $5.61–5.64 range likely if overbought conditions persist. Investors should remain cautious as divergence between daily and 5-minute timeframes may cause choppy conditions.