Market Overview: Uniswap/Tether (UNIUSDT) – 24-Hour Analysis (2025-10-12)

• Price tested key support at $5.90 before rebounding
• Bullish divergence in RSI suggests potential reversal
• Volatility increased with heavy volume near 6.45 level
• Bollinger Bands show moderate expansion as price nears the upper band

Uniswap/Tether (UNIUSDT) opened at $6.061 on 2025-10-11 at 12:00 ET and reached a high of $6.50 and a low of $5.652 before closing at $6.477 on 2025-10-12 at 12:00 ET. Total volume traded in the 24-hour window was approximately 4,643,629.48 with a notional turnover of $28.28 million.

The price moved through a well-defined consolidation phase before breaking out to the upside after 15:00 ET on 2025-10-12. A strong bullish engulfing pattern formed at the key resistance level of $6.15, suggesting a shift in momentum. The 20- and 50-period moving averages on the 15-minute chart are now aligned to the upside, indicating a short-term bullish bias. The 50-period moving average on the daily chart is also trending upward, reinforcing a medium-term bullish outlook.

MACD crossed into positive territory with increasing histogram bars, confirming rising bullish momentum. RSI has rebounded from overbought territory, forming a bullish divergence that may indicate a higher probability of a continuation of the upward trend. Bollinger Bands show moderate expansion, with price currently near the upper band, a sign of increased volatility and strength.

Volume spiked significantly after 15:00 ET on 2025-10-12, with the largest single 15-minute bar recording a volume of 794,246.04. This surge in volume coincided with a sharp price move from $6.13 to $6.50, confirming the strength of the breakout. Turnover and volume were in sync, showing no signs of divergence.

Fibonacci retracement levels are key in both short- and long-term contexts. On the 15-minute chart, the 61.8% level of the last major dip is near $6.10. On the daily chart, the 38.2% retracement of the recent low is near $6.35, which appears to have held during the current upward move. This level could be watched for potential support in the next 24 hours.

Backtest Hypothesis

The backtesting strategy emphasizes a breakout and momentum-based approach, leveraging the key 15-minute and daily chart signals. A long entry is suggested when price closes above the 61.8% Fibonacci level and RSI is above 50, confirmed by a bullish engulfing pattern. The strategy could include a stop-loss just below the recent swing low and a profit target aligned with the 38.2% retracement of the next major swing. This setup appears viable given the current alignment of price action, momentum, and volume, offering a high-probability setup for short-term traders.