Market Overview for Uniswap/Tether (UNIUSDT): 24-Hour Analysis as of 2025-10-01

• UNIUSDT surged 7.5% over 24 hours, breaking above 7.80 and reaching 7.994 before consolidating.
• High volume spikes coincide with key support/resistance levels and bullish breakouts.
• RSI hit overbought territory near 75, while MACD showed strong positive divergence.
• Bollinger Bands widened during the breakout, confirming rising volatility.
• A potential bearish correction may test 7.65–7.70 as immediate support.

The 24-hour session for Uniswap/Tether (UNIUSDT) opened at $7.453 on 2025-09-30 12:00 ET and closed at $7.981 as of 2025-10-01 12:00 ET. The price reached a high of $7.994 and a low of $7.449, with total traded volume of 694,898.29 and notional turnover of approximately $5,487,384.29 over the 24-hour window.

The price action displayed a sharp bullish breakout beginning at 08:45 ET with a 15-minute candle forming a strong bullish engulfing pattern after consolidating between 7.60 and 7.65. A series of large-bodied bullish candles followed, propelling price beyond previous resistance at 7.80 and 7.85. A key resistance level emerged between 7.90 and 7.95, with 7.994 marking the session high. Notable support levels include 7.85–7.87 and 7.65–7.70, where price has previously consolidated.

Structure & Formations

The breakout from the 7.60–7.65 range was confirmed by a bullish engulfing pattern on a high-volume candle, indicating strong buying pressure. A tall bullish candle at 09:00 ET marked a 7.904 close, confirming a break above 7.90. Price action suggests a potential continuation pattern with a target near 8.00 if bulls can retest the 7.994 high with follow-through volume. A failure to hold above 7.85 could trigger a pullback to test 7.70 as a potential pivot point.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-EMA and 50-EMA are bullish and in ascending alignment, supporting the upward trend. The MACD histogram turned positive and widened after 09:00 ET, confirming the breakout momentum. Meanwhile, the RSI moved into overbought territory around 75, but has not yet shown a bearish divergence, suggesting continuation potential. Daily chart moving averages (50/100/200) are all in ascending order, reinforcing a broader bullish bias.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly during the breakout phase, indicating increased volatility. Price moved from within the lower band to above the upper band by 09:15 ET, a strong bullish sign. As the bands begin to tighten slightly in the final hours, it may suggest a potential pause or pullback before the next directional move. The current price is near the upper band, reinforcing the overbought condition.

Volume and Turnover

Volume spiked to over 204,000 at 08:45 ET and again to 242,000 at 09:00 ET, aligning with the breakout. Notional turnover also increased sharply in these periods, supporting the price action. A divergence in volume during the final pullback suggests some profit-taking, though the overall volume profile supports a continuation of the bullish trend.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 7.45 to 7.994, the 61.8% retraction level is near 7.81, which was tested multiple times. A further test of the 78.6% level near 7.91 may confirm continuation. On the daily chart, the 50% retracement of the larger downtrend is near 7.70, which now acts as a key support level.

Backtest Hypothesis

The breakout from a defined consolidation range was confirmed by a bullish engulfing pattern on a high-volume candle. If we were to backtest a strategy that entered long on confirmation of this pattern with a stop just below the low of the breakout candle and a target at the next Fibonacci level above, it could yield a positive risk/reward ratio. The recent volume profile also supports the trade, reducing the likelihood of a false break. MACD and RSI divergence during the consolidation phase may also be used to fine-tune entry timing.