Market Overview for Uniswap/Tether (UNIUSDT) on 2025-10-14

• Price surged from $6.47 to $7.11 before retreating to $6.576 in 24 hours.
• Strong volume spikes occurred during the bullish push on 2025-10-14, suggesting accumulation.
• Oversold RSI conditions emerged during the late-night pullback, hinting at potential rebounds.
• Bollinger Band contraction noted during the consolidation phase, signaling possible volatility expansion.
• Fibonacci levels at $6.63 (38.2%) and $6.83 (61.8%) show potential support/resistance for near-term action.

Price and Volume Summary

Uniswap/Tether (UNIUSDT) opened at $6.745 on 2025-10-13 at 12:00 ET and surged to a high of $7.11 before retreating to a close of $6.576 at 12:00 ET on 2025-10-14. The pair traded in a range from $6.412 to $7.114 over the 24-hour window. Total volume for the period was 10,336,089.54 UNI, with a notional turnover of $69,442,424.65 USD (calculated from provided OHLC and volume data).

Structure & Formations

The price action on the 15-minute chart showed a sharp bullish impulse forming from 19:45 to 21:15 ET on 2025-10-13, with a large white candlestick reaching $7.114. This was followed by a broad bearish reversal, with a series of bearish harami and gravestone doji patterns emerging after 00:00 ET on 2025-10-14. A strong bearish engulfing pattern emerged between 06:00 and 07:45 ET, signaling increased selling pressure. The 24-hour range appears to form a descending wedge, with resistance likely around $6.83 and support near $6.52.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period SMAs, indicating a bearish bias. The 50-period SMA is currently at ~$6.75, acting as a dynamic resistance. On the daily chart, the price is below both the 50 and 200-day SMAs, suggesting a longer-term bearish bias. A potential bearish crossover may form if the 50-day SMA continues to decline below the 200-day SMA.

MACD & RSI

The MACD line turned bearish during the morning session on 2025-10-14, with a negative divergence observed after the bullish $7.114 high. The RSI reached oversold levels (~28) in the early hours of 2025-10-14, potentially signaling a short-term bounce. However, the RSI remains below 50, suggesting overall bearish momentum. The combination of bearish MACD and a corrective RSI may point to continued short-term bearish action with potential countertrend bounces near key Fibonacci levels.

Bollinger Bands

The Bollinger Band contraction was most pronounced between 04:00 and 07:00 ET, as the price consolidated in a narrow range. This was followed by a breakout to the downside, with the close of 12:00 ET falling near the lower band, at $6.576. Volatility appears to be expanding again, and if the price continues near the lower band, it may indicate a continuation of the bearish trend. A retest of the upper band near $6.80–$6.85 could be seen if there is a bounce from current support levels.

Volume & Turnover

The most notable volume surge occurred at 19:45 ET on 2025-10-13, with 170,453.73 UNI traded as price surged to $7.114. This was followed by another large volume spike at 22:30 ET, when the price reversed sharply. In contrast, the morning session from 00:00 to 05:00 ET showed a steady increase in volume as the price declined, indicating increased selling pressure. Notional turnover reached $6.9 million during the 06:45–07:00 ET bearish reversal, suggesting strong institutional participation.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour $6.412–$7.114 move, key levels to watch include $6.63 (38.2%) and $6.83 (61.8%). The price is currently near $6.576, which aligns with the 50% retracement level. A break below $6.63 could see the price test the 38.2% level at $6.63, while a rebound above $6.83 would suggest a potential bearish reversal. On the daily chart, a retracement from the recent $7.11 high to $6.41 low shows critical support at $6.75 and resistance at $6.96.

Backtest Hypothesis

To backtest a MACD Golden Cross strategy on UNIUSDT, it is essential to use a data source that supports the symbol format expected by the technical-indicator vendor. For example, using an exchange-specific ticker such as BINANCE:UNIUSDT or HUOBI:UNIUSDT could resolve the identification issue. Alternatively, if OHLC data is already available, the MACD and signal line can be calculated manually from that data. Once the correct ticker is identified or the data is provided, the backtest can proceed by evaluating MACD crossovers from 2022 to 2025, measuring performance metrics such as win rate, average return, and drawdown.