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(UNIUSDT) traded in a consolidating pattern near $10.20 after a sharp intraday correction to $9.90.
• Strong volume expansion in the final 6 hours suggests accumulation, with price testing key 15-min resistance.
• RSI remains in neutral territory, while MACD shows bearish divergence earlier in the session.
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Bands have widened, indicating increased volatility and a potential breakout.
• 50-period moving average holds as dynamic support; a close above $10.30 could trigger momentum buyers.
Uniswap (UNIUSDT) opened at $10.274 on 2025-08-19 12:00 ET and closed at $10.241 on 2025-08-20 12:00 ET, reaching a high of $10.467 and a low of $9.90. Total volume was 2,500,150.04 UNI, with notional turnover of $25,790,756.
Structure & Formations
Price tested a key 15-min support at $9.90 before bouncing, forming a bullish reversal pattern. Resistance at $10.30–$10.40 has been approached multiple times, with a bullish engulfing candle on the 15-min chart observed at the 08:45–09:00 ET window. A doji formed at $10.335–$10.369, signaling indecision.
Moving Averages
The 50-period MA on the 15-min chart currently sits at $10.15, offering support, while the 200-period daily MA is around $10.25, indicating a potential pivot point. Price remains above the 50-period MA, suggesting a continuation of bullish bias in the near term.
MACD & RSI
MACD turned positive in the final 4 hours of the session, with a bearish divergence observed earlier in the day. RSI remains in the 50–55 range, suggesting neutral momentum but hinting at a potential for further consolidation.
Bollinger Bands
Volatility expanded significantly in the last 6 hours, with price fluctuating near the upper and lower bands. A contraction was noted earlier in the session, followed by a breakout to the upside. Price currently sits just below the upper band at $10.376, indicating possible overbought conditions.
Volume & Turnover
Volume surged sharply in the 15:30–16:00 ET window, coinciding with a price pullback to $10.341. Notional turnover spiked by over 200% in the final 90 minutes, aligning with price action and confirming a potential consolidation phase.
Fibonacci Retracements
Key retracement levels from the 9.90–10.467 swing include 61.8% at $10.28 and 38.2% at $10.17. Price has tested both levels multiple times, with the 61.8% level now holding as support.
Looking ahead, Uniswap (UNIUSDT) appears poised for a breakout attempt, with $10.30–$10.35 as the immediate resistance cluster. A close above this range could confirm a shift in momentum. However, traders should remain cautious of volatility and potential corrections should volume wane.
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