Summary
• Price declined from $6.15 to $6.017 amid high volatility and bearish volume.
• A key support appears around $5.95 with rejection seen at $6.05–$6.10.
• RSI and MACD show bearish momentum, indicating possible oversold conditions ahead.
• Volume expansion occurred during the dip, confirming bearish sentiment.
Uniswap/Tether (UNIUSDT) opened at $6.15 on 2025-12-22 12:00 ET and closed at $6.017 by 12:00 ET the next day, reaching a high of $6.153 and a low of $5.947. The total 24-hour trading volume was 1,789,840.00 and notional turnover amounted to $10.8 million.
Structure & Formations
The price broke down below the key $6.10–$6.15 consolidation range, forming multiple bearish patterns, including a long lower shadow at $6.03–$6.06 and a possible bearish engulfing pattern around $6.03–$6.06. Support appears to congregate around $5.95–$5.97, with resistance likely to retest at $6.05–$6.10 if a rebound materializes.
MACD & RSI
MACD turned bearish with a declining histogram and a negative crossover suggesting weakening bullish momentum. RSI dipped below 30 during the late-night sell-off, signaling possible oversold conditions near $5.95. However, without confirmation of a rebound, this may be interpreted as a false signal.
Bollinger Bands
The price expanded below the lower Bollinger Band toward the end of the session, indicating heightened volatility.
The 20-period band was trading with a wide range, suggesting a potential consolidation phase could follow the sharp decline.
Volume & Turnover
Volume spiked significantly during the sharp drop from $6.10 to $5.95, with over 250,000 units traded in a single 5-minute candle. Turnover expanded during these bearish breaks, aligning with price movement and reinforcing the bearish bias.
Fibonacci Retracements
Fib levels from the $6.15–$5.947 swing suggest a possible 61.8% retracement near $6.04 and a 38.2% retracement near $5.99. A close above $6.05 could trigger short-term buyers but must overcome bearish bias for a sustainable bounce.
The market appears to be in a bearish phase with high volatility and confirmed bearish momentum. While support at $5.95–$5.97 may hold for now, further selling could push prices toward $5.92. Investors should remain cautious of potential volatility and divergence in the next 24 hours.
Comments
No comments yet