Market Overview for Uniswap/Tether USDt (UNIUSDT) on 2025-09-10

• Price surged to a 24-hour high of $9.79 before consolidating near $9.76, driven by increased volume and bullish momentum.
• RSI and MACD signaled overbought conditions late in the session, suggesting potential near-term pullback.
• Volatility expanded on a sharp midday breakout, with Bollinger Bands reflecting a high-volume push above the upper band.
• Strong volume accumulation in the afternoon ET hours confirmed the strength of the bullish trend.

The 24-hour session for UNIUSDT began at $9.402 and closed at $9.755 by 12:00 ET on September 10. The pair reached a high of $9.799 and a low of $9.388, with total volume of 1,919,623.6 and notional turnover of $18,175,588.99. Price action showed a strong bullish bias in the afternoon hours, driven by increased buying pressure and a breakout above key resistance levels.

Structure & Formations

Price developed a bullish continuation pattern following a morning consolidation phase, with a breakout above the upper range and a bearish 15-minute doji at $9.44 confirming a shift in sentiment. Notable support levels emerged at $9.45, $9.42, and $9.388, while resistance was tested and broken above $9.55 and $9.65. A large bullish engulfing pattern formed between 03:15 and 03:30 ET, followed by a smaller continuation pattern between 07:30 and 07:45 ET as price pushed toward $9.69.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA were closely aligned, with price rising above the 50SMA and maintaining above it for the final 4 hours. On the daily chart, the 50DMA crossed above the 100DMA in a golden cross formation, reinforcing the bullish outlook. Price currently resides above the 200DMA, suggesting the long-term trend remains upward.

MACD & RSI

MACD showed a strong positive crossover in the early afternoon, with histogram bars expanding as bullish momentum accelerated. RSI reached overbought territory (above 70) in the late afternoon and evening, with a divergence forming as price continued higher while momentum began to wane, hinting at a potential pullback. The oscillator is now at ~65, suggesting some near-term caution.

Bollinger Bands

Volatility expanded significantly in the late morning, pushing price above the upper Bollinger Band and confirming a breakout. Afternoon volatility remained elevated, with price fluctuating within the bands but showing signs of retesting the upper boundary as a new resistance. The band width widened to 0.068, indicating increased market uncertainty and activity.

Volume & Turnover

Volume surged in the afternoon with a spike to 186,633.59 at $9.616 and remained elevated for the rest of the session. Notional turnover increased in tandem, with no divergence observed between price and volume. The highest turnover occurred during the 14:00–14:15 ET 15-minute window, coinciding with a large bullish candle and a sharp move higher.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from $9.388 to $9.799, key retracements at 38.2% ($9.633) and 61.8% ($9.525) were clearly tested and broken. On the daily timeframe, the 61.8% level at $9.70 was breached in the early evening, reinforcing the likelihood of further upside toward $9.85 in the near term.

Backtest Hypothesis

Given the strong MACD crossover and RSI divergence, a backtest strategy could be constructed to enter long at a breakout above the 15-minute 50SMA, with a stop below the 20SMA and a target aligned with the next Fibonacci level. Additionally, RSI above 70 could trigger a partial exit or tighten stops. This approach aligns with the observed structure and could be validated using historical data to assess win rate and risk-reward balance.