Market Overview: Uniswap (UNIUSD) – 24-Hour Action on 2025-09-01

• Uniswap (UNIUSD) traded sideways for most of the session before a sharp drop in late ET hours.
• Price formed a bearish engulfing pattern at the high of the session followed by a consolidation phase.
• Volatility remained low until late ET, with a sudden drop coinciding with a volume spike.
• RSI entered oversold territory near the close, signaling potential short-term buying interest.
• Bollinger Bands showed a mild expansion as the price broke below the lower band during the final hour.

Uniswap (UNIUSD) opened at $9.734 on 2025-09-01 (12:00 ET - 1), reached a high of $9.734, and closed at $9.338 at 12:00 ET. Total volume for the 24-hour period was 763.91, with a notional turnover of approximately $7,429.15. The price trended lower in the final hours, with a bearish reversal pattern forming.

Structure & Formations

The session began in consolidation, with the price locked at the $9.734 level for the first 12 hours. This flatness gave way to a bearish engulfing pattern at the session high, followed by a sharp drop during the final hour. A key support level appears to have been tested at $9.523–$9.463, which held during a brief bounce in the early ET hours. A doji formed at $9.463–$9.463, suggesting indecision and possible support consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward during the last 4 hours of the session, reflecting the bearish bias. The daily chart showed a similar downtrend, with the price closing below the 50-, 100-, and 200-period moving averages, reinforcing the bearish structure.

MACD & RSI

The MACD showed a bearish crossover in the final hour, with the signal line pulling away from the histogram as the price dropped. RSI moved into oversold territory, reaching a low of approximately 30, which could suggest a possible rebound or a continuation of the downward trend depending on volume and order flow. There was no clear divergence between RSI and price during the final hour, suggesting that the move was supported by selling pressure.

Bollinger Bands

Bollinger Bands showed a mild expansion during the last hour, with the price breaking below the lower band at $9.338. This move suggests increased volatility and bearish momentum. The previous consolidation within the bands had shown no directional bias, but the final break suggested a shift in market sentiment.

Volume & Turnover

Volume remained near zero for most of the session, with a sharp increase in the final hour (205.46 units at $9.53 and 55.65 units at $9.338). This volume spike coincided with the price break below $9.463 and the final closing print, suggesting that the move was backed by institutional or large participant selling. Notional turnover remained low until the final hour, confirming the lack of prior conviction in the trend.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from $9.734 to $9.338, the price closed near the 61.8% level, a key bearish target. On the daily chart, the recent move aligns with a prior 61.8% retracement level from a recent high, reinforcing the bearish bias.

Backtest Hypothesis

A backtesting strategy based on bearish engulfing patterns and oversold RSI conditions may align well with the price behavior observed in this session. If a strategy enters a short position on a confirmed engulfing pattern with RSI below 35 and exits on a retest of the support level, it would have captured the downward move with reasonable risk management. This approach is supported by the observed volume and price action in the final hour, making it a viable hypothesis for further testing.