Summary
• Price drifted lower from 5.979 to 5.815 amid bearish 5-minute patterns.
• RSI fell below 30, suggesting oversold conditions with no immediate bounce.
• Bollinger contraction followed by expansion suggests rising volatility.
• Volume surged during the sharp selloff, confirming bear momentum.
• 61.8% Fibonacci retracement aligns near 5.85, a potential short-term floor.
Uniswap/Tether (UNIUSDT) opened at 5.979 on 2025-12-25 at 12:00 ET and closed at 5.815 by 12:00 ET on 2025-12-26, with a high of 6.085 and a low of 5.794. Total volume for the 24-hour period was 1.56M units, with notional turnover of ~9.18M USD.
Structure & Formations
The 5-minute chart shows a prolonged bearish bias, with the price breaking below key support levels around 5.95. A long lower shadow appeared near 5.85, suggesting a potential temporary floor. A bearish engulfing pattern formed in the early afternoon, confirming the downtrend.
Moving Averages
On the 5-minute timeframe, the 20- and 50-period SMAs both fell below the price, reinforcing bearish momentum. The daily chart suggests the price is approaching the 200SMA, which may offer some near-term reaccumulation potential if the trend pauses.
MACD & RSI
The RSI dropped below 30 during the selloff, signaling oversold conditions, though a rebound has yet to materialize. The MACD remained negative throughout, with the line and signal line both trending lower. This suggests continued bearish momentum unless there is a sharp reversal.
Bollinger Bands
Volatility expanded significantly during the selloff, with price reaching the lower Bollinger Band. A contraction was observed earlier in the session, suggesting a period of consolidation before the breakout.
Volume & Turnover
Volume spiked during the sharp decline in the 23:00–00:00 ET window, confirming the bearish move. Notional turnover also increased, aligning with the price action. No bear-bull divergence was observed, suggesting the bearish bias remains intact.
Fibonacci Retracements
The 61.8% Fibonacci retracement level aligns with ~5.85, a potential short-term support area. A bounce from this level could see a retest of the 5.91–5.94 range, though a break below 5.80 would open the door for further downside.
Uniswap/Tether appears to have entered a phase of consolidation after a sharp drop, with key support levels in focus. While the immediate trend remains bearish, a reversal above 5.85 may offer a tactical reentry point. Traders should remain cautious as volatility may persist and downside risks linger in the near term.
Comments
No comments yet