Market Overview for Uniswap/Tether USDt (UNIUSDT) as of 2025-09-06

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• Price dipped 3.3% over 24 hours, closing at 9.306 after hitting a high of 9.442 and testing support levels repeatedly.
• Volatility expanded in the 15-minute chart, with a 9.34–9.49 consolidation range breaking lower in the late ET session.
• Volume surged to 94,050.81, but turnover confirmed bearish momentum as prices broke key support at 9.34.
• RSI dipped into oversold territory (28.5), suggesting potential for a near-term bounce, but MACD remains bearish with negative crossover.

Uniswap/Tether USDt (UNIUSDT) opened at 9.404 on 2025-09-05 at 12:00 ET, reached a high of 9.495, and closed at 9.306 on 2025-09-06 at 12:00 ET. Total volume across 24 hours was 94,050.81, with notional turnover reflecting strong bearish conviction in late ET.

Structure & Formations

Price broke down from a key resistance level at 9.34, with a series of bearish engulfing patterns evident from 21:30 to 02:00 ET. A deep doji formed at 05:30 ET near 9.325, suggesting short-term exhaustion, but price continued lower into the morning. Key support levels identified at 9.306 and 9.288, both of which held firm in the early hours of 2025-09-06.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart remained bearish, with price staying well below both. The daily chart shows a crossover of the 50/200 EMA suggesting a bearish bias. Short-term traders may want to monitor the 20 SMA for potential bounce setups.

MACD & RSI

The MACD crossed below the signal line in the late ET hours, confirming bearish momentum. RSI dropped to 28.5, entering oversold territory, which may attract near-term buyers. However, divergence between RSI and price action in the 05:00–06:00 ET timeframe suggests bearish continuation could be on the cards.

Bollinger Bands

Price action displayed a significant volatility expansion, breaking the upper band earlier in the session before consolidating within a tightening range before the final sell-off. The 20-period BB channel widened in the evening, reflecting increased uncertainty. Price closed just above the lower band at 9.306, signaling a high likelihood of continued selling pressure.

Volume & Turnover

Volume surged to a peak of 94,050.81, with the largest spike occurring between 21:30–22:00 ET as the pair broke below 9.34. Notional turnover aligned with the price decline, confirming bearish momentum. A divergence between price and volume in the 05:00–06:00 ET period hints at potential exhaustion, but bearish sentiment remains intact.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 9.34 to 9.495 shows key levels at 9.418 (38.2%), 9.400 (50%), and 9.382 (61.8%). Price tested the 61.8% level before breaking decisively lower, confirming bearish bias. On the daily chart, the 61.8% retracement from the recent high aligns with 9.30, a level to watch for potential support confirmation.

Backtest Hypothesis

Given the current setup, a backtesting strategy could look to short at key Fibonacci levels (e.g., 9.34–9.495 61.8% at 9.382) with a stop loss above the doji high at 9.381. A target could be placed at the next support level at 9.293–9.288. A trailing stop or time-based exit would help lock in gains as volatility wanes. This aligns with the RSI oversold readings and the bearish MACD crossover, providing a low-risk, high-probability setup for the next 24–48 hours.