Market Overview for Uniswap/Tether (UNIUSDT) on 2025-11-06

Summary
• Price action swung between $5.224 and $5.482 with late consolidation near $5.285.
• Volatility remained elevated but has started to contract toward the end of the 24-hour window.
• High turnover during key breakouts and pullbacks suggests active positioning.
• Momentum indicators signal potential oversold conditions by close.
• No clear reversal patterns but bearish pressure appears to have paused.

Uniswap/Tether (UNIUSDT) opened at $5.368 on 2025-11-05 12:00 ET, reached a high of $5.482, a low of $5.224, and closed at $5.285 by 12:00 ET on 2025-11-06. Total 24-hour trading volume was 1,951,293.24, with a notional turnover of approximately $10,344,676.28.

Structure & Formations

Price action over the 24-hour period displayed a pronounced bearish bias early, with a strong move down from the $5.482 high to the $5.224 low. A bullish rebound emerged in the latter half of the day, finding support near $5.25 and forming a modest hammer pattern around $5.251. Key support levels identified include $5.25 (61.8% Fib from high to low), and $5.224 (low of the 24-hour range). Resistance is forming at $5.30, where the price stalled on two separate rebounds.

Moving Averages

On the 15-minute chart, the 20-period MA is below the 50-period MA, signaling short-term bearish bias, though the price has closed above both in the final hours. On the daily chart, the 50-period MA is below the 100 and 200-period MAs, reinforcing a medium-term bearish trend. A crossover of the 50-period MA above the 100-period MA could signal a potential reversal in the coming days.

MACD & RSI

The MACD line turned positive in the last 4 hours, with a narrowing histogram suggesting the bullish momentum is still building. The RSI has fallen into oversold territory, reaching as low as 29, which could imply near-term support is holding. The RSI is now rebounding toward 45, indicating potential accumulation. However, a move above 50 would be needed to confirm bullish momentum.

The 15-minute RSI remains in oversold territory, which may signal a potential short-term bounce. MACD turning positive could support the idea of a near-term reversal, but bearish pressure remains dominant on the daily chart.

Bollinger Bands

Volatility began the day wide, with price near the upper band, but has since contracted to near the lower band in the last 4 hours. Price is currently at the lower band, suggesting a potential bounce from oversold levels. A break above the upper Bollinger Band could confirm bullish momentum, but this remains unlikely without a sustained move above $5.35.

Volume & Turnover

Volume spiked sharply during the early morning hours (01:30–03:30 ET), coinciding with the move from $5.35 to $5.25. This suggests strong bearish participation during that period. In contrast, the final 4 hours saw relatively high volume without a corresponding sharp price move, indicating accumulation or a potential consolidation phase.

Fibonacci Retracements

Key Fibonacci levels from the $5.482 high to the $5.224 low include 61.8% at $5.25 and 38.2% at $5.35. Price has found support near the 61.8% level and is currently testing the 38.2% level from below. A break above $5.35 could open the door for a test of the 50% retracement at $5.355, while a failure to hold $5.25 would signal renewed bearish momentum.

Backtest Hypothesis
Given the current overbought/oversold dynamics and the RSI divergence observed, a potential RSI-based strategy could be tested: entering long when RSI falls below 30 and exiting when it rises above 70. However, the inability to retrieve a valid RSI series for UNIUSDT due to symbol recognition issues prevents the immediate backtest. Alternative symbols (e.g., “UNI-USD” or “BINANCE:UNIUSDT”) or a different data source may be required to proceed. Once the data is accessible, the 14-period RSI can be calculated, and the strategy can be applied for a backtest between January 1, 2022, and today. This would allow for a better understanding of how the RSI divergence and volume patterns might have performed historically.