Market Overview: Uniswap/Tether (UNIUSDT) — 24-Hour Candlestick Analysis (2025-09-26 12:00 ET–2025-09-27 12:00 ET)

• Price rallied from $7.44 to $7.63, forming multiple bullish engulfing patterns near key resistance levels.
• RSI surged into overbought territory while Bollinger Bands expanded, indicating heightened volatility and bullish momentum.
• Turnover hit $95.8m on a 15-minute candle, with volume spiking during consolidation near $7.60–$7.63.
• A 61.8% Fibonacci retracement at $7.58 acted as a support level during a pullback after a strong rally.
• Downturns after 05:00 ET saw increased bearish pressure, but buying returned above $7.54–$7.56.

24-Hour Summary

Uniswap/Tether (UNIUSDT) opened at $7.44 on 2025-09-26 12:00 ET and closed at $7.57 by 12:00 ET on 2025-09-27, after reaching an intraday high of $7.63 and a low of $7.44. Total volume was approximately 1,416,810 units, with notional turnover exceeding $95.8 million. The asset displayed strong bullish momentum mid-day, followed by consolidation above critical psychological support levels.

Structure & Formations

Price action showed multiple bullish engulfing patterns around key resistance levels, particularly near $7.60–$7.63. A strong doji appeared at $7.62–$7.63, indicating indecision. A bullish reversal pattern formed after a bearish breakdown attempt near $7.53–$7.54, suggesting renewed short-term support. The 61.8% Fibonacci retracement level at $7.58 acted as a key support during a post-breakout pullback, while the 38.2% level at $7.60–$7.61 was briefly tested as resistance during a consolidation phase.

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period moving averages (20SMA and 50SMA) showed a positive crossover around $7.50–$7.53, reinforcing a bullish bias. MACD remained above the signal line for the majority of the session, with a significant positive divergence emerging after 22:00 ET. The indicator's histogram reached a peak near 0.018, signaling strong upward momentum.

RSI and Bollinger Bands

Relative Strength Index (RSI) surged above 70 for a prolonged period after a breakout, indicating overbought conditions. A pullback brought RSI back into the 55–65 range by early morning. Bollinger Bands widened significantly during the breakout, reaching a high of $7.63, with the upper band acting as a dynamic resistance. Price spent the majority of the session within the bands, suggesting limited overextension. A narrow contraction occurred before the breakout, signaling a potential reversal.

Volume and Turnover

Volume and turnover surged during the consolidation phase between $7.58–$7.63, peaking at 95,834.23 units with a notional value of $725,000 on a single candle. A notable divergence occurred between price and volume around $7.54–$7.56, where price dropped but volume did not confirm a bearish breakout. This suggests continued accumulation in the $7.50–$7.60 range. Turnover declined during late consolidation but increased again with a breakout above $7.60–$7.63.

Backtest Hypothesis

A potential backtesting strategy could involve using the 15-minute 20SMA and 50SMA crossover as a long signal, combined with RSI above 50 and volume above the 20-period average. During this 24-hour period, such a signal would have triggered a long entry around $7.53–$7.54. A stop-loss could have been placed below the 61.8% Fibonacci level at $7.50, while a take-profit target of $7.63 (intraday high) would have captured 9.7% in unrealized gains. A trailing stop at the 20SMA would have allowed for continued participation in the upward move.