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• UNI/USDT surged 5.7% in 24 hours, with price testing prior resistance at $8.20–$8.25.
• Volume spiked 2.3x during the late-night upswing, confirming bullish momentum.
• RSI oversold at 28 in the early hours, then entered overbought territory near 78.
• Bollinger Bands widened during the breakout, signaling increased volatility.
• A bullish engulfing pattern formed at $8.10–$8.25, suggesting further upside potential.
Uniswap/Tether (UNIUSDT) opened at $7.93 on 2025-10-04 at 12:00 ET, surged to $8.424, and closed at $8.328 as of 12:00 ET on October 5. The total volume over 24 hours was 2,616,086.46 units, with a notional turnover of $21,766,203.94. The pair experienced a strong bullish breakout late into the trading session.
In the 15-minute OHLCV data, a clear support level formed around $8.10–$8.15, with rejection candles confirming its strength. On the flip side, the $8.20–$8.25 range transitioned from resistance to support, now acting as a psychological level that price has tested multiple times during the rally. A bullish engulfing pattern formed from 02:45 to 03:00 ET, indicating a potential continuation of the upward trend. A key doji formed at $8.31 on 09:45 ET, signaling a possible pause in momentum before the next move.
Moving averages on the 15-minute chart showed a bullish crossover, with the 20-period SMA crossing above the 50-period SMA just before the breakout. On the daily chart, the 50-period SMA is now below the 200-period SMA, suggesting a potential shift in the longer-term trend. The MACD line crossed above the signal line with a strong histogram, indicating strong bullish momentum. RSI moved into overbought territory, reaching 78 late in the session, while the Stochastic RSI showed a bullish divergence, hinting at potential continuation.
Bollinger Bands expanded as volatility surged, with price staying well above the 20-period SMA. The pair closed near the upper band on October 5, which suggests strong upside conviction. A contraction was observed earlier in the session, followed by a sharp expansion after the 02:45 ET candle. The 61.8% Fibonacci retracement level of the earlier bearish swing lies at $8.31, where price paused before breaking out.
A volume surge became evident after 02:45 ET, with turnover spiking to $2.1M during the 02:45–03:00 candle. Notional turnover spiked again in the 08:15–09:00 ET window as price reached $8.424. Volume and price moved in harmony during the rally, confirming the strength of the move. However, a divergence emerged in the 09:45–10:00 ET candle, where price pulled back slightly while volume remained strong, suggesting caution as the market digests the recent high.
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