Market Overview: Uniswap/Tether (UNIUSDT) 24-Hour Movement

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Jan 7, 2026 8:29 pm ET1min read
UNI
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USDT
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Aime RobotAime Summary

- UNI/USDT price dropped sharply after 18:00 ET, forming a bearish engulfing pattern with 6.02-5.86 decline.

- Volume surged during selloff (14:00-15:30 ET) and RSI hit oversold levels, signaling potential short-term rebound.

- Bollinger Bands contraction and 5.847 support/6.040 resistance define near-term range, with 5.90-5.95 key for reversal confirmation.

- Elevated volatility and 5.73 breakdown risk suggest caution, while 24-hour volume (4.9M) and turnover (28.7M) confirm bearish conviction.

Summary
• Price dropped sharply after 18:00 ET, forming a bearish engulfing pattern on 5-min chart.
• Volume surged during the selloff, confirming bearish momentum.
• RSI indicates oversold conditions, suggesting potential for a short-term rebound.
• Bollinger Bands show contraction in early morning, hinting at a potential breakout.
• Key support at 5.847 and resistance at 6.040 appear to define near-term range trading.

Market Overview


Uniswap/Tether (UNIUSDT) opened at 6.029 on 2026-01-06 at 12:00 ET, reaching a high of 6.074 and a low of 5.730 before closing at 5.737 on 2026-01-07 at 12:00 ET. Total 24-hour volume was 4,943,256.74 and turnover amounted to 28,715,220.04.

Structure & Formations


A strong bearish engulfing pattern emerged after 18:00 ET as price dropped from ~6.02 to ~5.86 within a few hours, indicating increased bearish conviction. A large doji formed around 02:00 ET, suggesting indecision and potential reversal.
The 5.847 level acted as a temporary floor during the selloff, while 6.040 marked a clear resistance that failed to hold during a morning rebound attempt.

Technical Indicators


MACD crossed into negative territory early in the selloff, aligning with bearish momentum. RSI dipped into oversold territory below 30 for several hours, hinting at potential short-term bounce. Bollinger Bands showed a tight contraction overnight between 04:00–05:00 ET, signaling a possible breakout or sharp move in the near term.

Volume & Turnover


Volume spiked during the bearish move from 6.07 to 5.74, especially between 14:00 and 15:30 ET, confirming the bearish bias. Turnover also rose significantly during the same period, with large volumes observed at key breakdown levels. Price and turnover aligned during the drop, suggesting conviction from larger participants.

Fibonacci Retracements


Fib levels for the 5-min move from 5.86 to 6.07 showed price retreating to the 61.8% (5.95) and 78.6% (5.90) levels during the rebound. On the daily chart, the 61.8% retracement of the recent downtrend from ~6.07 to ~5.73 lies near 5.90, coinciding with the 20-period moving average as a potential near-term target for a bounce.

The market appears to be consolidating after the recent sharp sell-off, with potential for a short-term rebound from current levels. Investors should watch for a test of the 5.90–5.95 range, which could determine whether a reversal is in play. Volatility remains elevated, and a breakdown below 5.73 could extend the decline further, so caution is warranted in the next 24 hours.