Market Overview for UNIUSDT (Uniswap/Tether) on 2025-09-16

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• Price opened at $9.101 and closed at $9.119 with a high of $9.227 and low of $9.050, showing a mixed 24-hour range.
• A bullish breakout attempt was seen early, followed by consolidation and retests of key support and resistance levels.
• Volume spiked during price surges and pullbacks, suggesting active participation but mixed conviction.
• RSI reached overbought territory in early hours, hinting at potential exhaustion, but reversed mid-day with bearish momentum.
• Price traded within a contracting and expanding Bollinger Band, indicating fluctuating volatility and uncertainty.

Uniswap/Tether (UNIUSDT) opened at $9.101 on 2025-09-15 12:00 ET and closed at $9.119 the following day. The pair reached a high of $9.227 and a low of $9.050, with total volume of 698,504.19 and turnover of $6,349,000. The price action was volatile and included several attempts to break above $9.15 and retests of key levels, indicating a battle for directional control.

Structure & Formations

The pair showed a strong bearish engulfing pattern at the top near $9.227, followed by a doji near $9.158, signaling indecision. A bullish hammer at $9.085 and a bullish reversal pattern at $9.050 suggested potential short-term support. Key resistance levels include $9.158, $9.18–9.20, and $9.227, while support appears clustered between $9.14 and $9.08.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMAs crossed over and under, indicating a mixed momentum profile. The 50-period EMA currently sits around $9.125, slightly below the current price. On the daily chart, the 200-period SMA is at $9.06, and the 50-period SMA is at $9.135, suggesting a potential pivot point near $9.13–9.14.

MACD & RSI

The MACD line showed a bullish cross in the early hours but turned bearish by mid-day, indicating diverging momentum. RSI reached overbought levels near 75 early in the morning but fell back toward the 50–60 range by late afternoon, suggesting a bearish reversal may be in play. Divergence between price and RSI suggests caution in interpreting bullish signals.

Bollinger Bands

Price action oscillated within a contracting and then expanding Bollinger Band, with volatility peaking near $9.227 and $9.08. The 20-period BB showed the price moving between the upper and lower bands for most of the session, indicating high volatility. A retest of the lower band at $9.08 appears to have held, suggesting a potential floor.

Volume & Turnover

Volume spiked during the breakout to $9.227 and during the sharp pullback to $9.08, with turnover increasing in line with price swings. A divergence between volume and price was observed during the consolidation phase, indicating potential bearish exhaustion. The total volume was 698,504.19 and the notional turnover $6,349,000, suggesting moderate liquidity and active short-term trading.

Fibonacci Retracements

Applying Fibonacci to the recent swing from $9.050 to $9.227, key retracement levels sit at 38.2% ($9.166), 50% ($9.139), and 61.8% ($9.110). The current close at $9.119 aligns with the 61.8% level, suggesting a potential support area. A breakdown below $9.110 could target $9.08, while a rebound above $9.166 may retest the upper band at $9.18.

Backtest Hypothesis

A potential strategy for UNIUSDT could involve using the 50-period EMA as a dynamic support/resistance trigger point, combined with RSI divergence to identify overbought/sold conditions. When price closes above the EMA with RSI < 30, a long bias is considered; when price closes below the EMA with RSI > 70, a short bias is initiated. Given the recent action near the 61.8% Fibonacci level and the divergence seen in RSI, a short-term bearish setup is plausible if the pair breaks below $9.110 with confirmation by volume.