Market Overview: Uniswap (UNIUSDT) - 24-Hour Price Deterioration Amid Elevated Volume

• Uniswap (UNIUSDT) broke below key support into a 15-minute bearish trend.
• High-volume selloffs between 10.917–10.679 triggered a 3.5% drop in 24 hours.
• RSI and MACD confirmed bearish momentum with no overbought signs.
• Price appears consolidating near 10.15–10.25, a potential short-term floor.
• Volatility remains elevated, with a potential test of 10.095 in near term.

Uniswap (UNIUSDT) opened at 11.091 on 2025-08-24 12:00 ET and closed at 10.109 at 2025-08-25 12:00 ET, hitting a high of 11.443 and a low of 10.679 during the 24-hour period. Total volume was 4.6M units, with a notional turnover of ~$49.2M.

Structure & Formations

Price formed a large bearish engulfing pattern on the 15-minute chart starting from 19:45 ET on 2025-08-24, with a high of 11.396 and a low of 10.917. This pattern marked the beginning of a rapid sell-off. Support levels at 11.08, 10.917, and 10.70 were sequentially breached, with the final support of 10.15–10.25 now appearing as a consolidation zone. A doji at 10.225–10.231 at the end of the 24-hour window suggests hesitation.

Moving Averages

On the 15-minute chart, price has been well below the 50-period and 20-period moving averages for the last 6 hours. On the daily chart, the 50, 100, and 200-period moving averages remain untested due to the steep intraday drop. Price could test the 50- and 100-day moving averages in the next 48 hours, depending on the strength of the consolidation.

MACD & RSI

MACD has remained in negative territory for most of the 24-hour period, with a bearish crossover and bearish divergence. RSI is currently at ~30, indicating oversold conditions but not a reversal signal. Momentum remains bearish, with no signs of accumulation or buying pressure.

Bollinger Bands

Volatility expanded significantly as price moved from 11.443 to 10.679, pushing it outside the lower band on multiple 15-minute candles. Price has since consolidated near the lower end of the bands, suggesting a potential bounce or further test of the 10.095–10.15 level. A break below 10.095 could trigger a new low.

Volume & Turnover

Volume surged during the 19:45–20:30 ET window, peaking at 846,145.5 units, as price dropped from 11.393 to 11.17. Notional turnover also spiked during this time. The volume has since decreased, with turnover in line with average levels. No clear divergence between price and volume is visible, suggesting the selloff was largely confirmed.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent high of 11.443 and low of 10.679, key levels include 10.976 (38.2%) and 10.81 (61.8%). Price is currently testing the 10.95–10.25 zone, which could be seen as a blend of Fibonacci levels and prior support. A bounce from this zone may see a retest of the 10.976 level, or alternatively, a break to test 10.095.

While Uniswap may find some near-term support in the 10.15–10.25 range, the broader bearish momentum suggests further downside is likely unless a strong reversal occurs. Investors should watch for a breakout above 10.30–10.35 as a potential early bullish sign. Caution is advised due to high volatility and lack of clear accumulation.