Summary
• Price declined sharply on strong volume, breaking below key support.
• RSI and MACD signal bearish momentum with no immediate signs of reversal.
• Volatility expanded as price hit a 24-hour low near $5.42 on heavy turnover.
• A bearish engulfing pattern formed after 17:00 ET, signaling continued pressure.
• Bollinger Bands expanded, and price remains below the 20-period moving average.
Uniswap/Tether (UNIUSDT) opened at $5.823 on 2026-01-14 at 12:00 ET, reached a high of $5.839, and closed at $5.412 by 2026-01-15 at 12:00 ET, with a low of $5.318. The 24-hour volume was 2,424,358.09, and notional turnover totaled $13,314,342.99.
Structure & Moving Averages
Price broke below the 50-period moving average on the 5-minute chart and appears to be consolidating near a key support zone at $5.40–$5.45. The 20-period MA currently sits above $5.55, reinforcing the bearish bias. Daily moving averages (50/200) remain unbroken but are showing signs of divergence if a short-term bounce occurs.
MACD & RSI
The MACD line remains below the signal line, with bearish momentum increasing since 18:00 ET. RSI has fallen into oversold territory at 32, though this is not typically a reliable reversal signal without volume confirmation. A rebound above $5.50 may delay further bearish extension.
Bollinger Bands and Volatility
Bollinger Bands have expanded significantly since 15:00 ET, reflecting heightened volatility. Price is trading near the lower band, suggesting exhaustion at this level. A pullback toward the mid-band could offer a temporary bounce but may not indicate a trend reversal.
Volume and Turnover
Trading volume spiked dramatically during the final 45 minutes of the 24-hour period, with a 5-minute bar near 157,807.00 units, the largest of the day. Notional turnover confirmed this with $859,522.91 in that same period. Price and volume moved in alignment, confirming the bearish breakdown.
Fibonacci Retracements
On the 5-minute chart, price has retested the 61.8% Fibonacci level at $5.48 with little resistance. Daily retracements suggest $5.40 as a critical support area. A break below this level could extend the move to the 78.6% retracement near $5.28.
The market may remain range-bound between $5.40 and $5.55 in the near term, with volume signaling strong bearish conviction. Traders should be cautious about short-term volatility and watch for divergence between price and momentum indicators as a potential reversal signal.
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