Uniswap/Tether (UNIUSDT) Market Overview: Strong Rally Confirmed by Volume and Patterns

• Price surged 5.8% to close near $9.52, breaking above key resistance.
• Volatility expanded with Bollinger Bands widening, signaling growing momentum.
• RSI moved into overbought territory, hinting potential near-term pullback.
• Volume surged during the breakout, confirming strength in the rally.
• A bullish engulfing pattern formed near $9.17, signaling a turning point.

24-Hour Price and Volume Summary

Uniswap/Tether (UNIUSDT) opened at $9.215 on 2025-09-17 at 12:00 ET, surged to a high of $9.668, and closed at $9.518 at 12:00 ET on 2025-09-18. The price traded between $9.134 and $9.668, with a close of $9.518. Total volume reached 3,190,787.61 UNI, while notional turnover totaled approximately $29,619,089.28 over 24 hours.

Structure & Formations

Price found key support at $9.17, where a bullish engulfing pattern formed, signaling a reversal from bearish to bullish bias. Resistance levels at $9.35, $9.45, and $9.55 were sequentially tested and breached. A notable bearish divergence appeared between price and RSI at $9.668, hinting at potential exhaustion in the rally. A doji formed at $9.535 around 04:15 ET, signaling indecision among traders.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in bullish alignment, with price holding above both. The 50-period MA acted as a dynamic support, reinforcing the bullish momentum. On the daily chart, the 50/100/200-period MAs were aligned in a bullish configuration, confirming the longer-term uptrend.

MACD & RSI

The MACD showed strong bullish momentum, with both the MACD line and signal line above zero and diverging positively. RSI peaked at 68, moving into overbought territory, which suggests a possible near-term correction. However, as long as RSI remains above 50 and the MACD stays positive, the overall bullish momentum remains intact.

Bollinger Bands

Volatility expanded significantly during the rally, with Bollinger Bands widening to a range of 13-15%. Price traded well above the upper band for several hours, confirming the strength of the move. A contraction in the bands occurred briefly before the breakout, suggesting a period of consolidation that preceded the move higher.

Volume & Turnover

Volume surged during the breakout to $9.668, with a 15-minute candle at that level posting 193,481.67 UNI traded — the highest in the 24-hour period. Notional turnover also spiked during this period. The price and turnover moved in sync, confirming the strength of the bullish move. A divergence between price and volume occurred at $9.48, suggesting a temporary loss of buying momentum.

Fibonacci Retracements

On the 15-minute chart, the recent swing low at $9.17 and swing high at $9.668 defined a 49-candle range. Key retracement levels at 38.2% ($9.43) and 61.8% ($9.35) acted as dynamic support and resistance. Price tested the 61.8% level at $9.35 and rebounded, confirming it as a strong support. On the daily chart, the 50% retracement level from a prior bearish move sits at $9.60, which appears to be a new area of interest.

Backtest Hypothesis

Given the recent bullish structure and strong volume confirmation, a potential backtesting strategy would involve a long bias triggered on a close above the 50-period moving average on the 15-minute chart, with a stop-loss placed just below the recent doji at $9.535. A profit target could be placed at the next Fibonacci level at $9.43 and then at the psychological level of $9.30. This strategy would need to be tested over multiple cycles to evaluate its effectiveness in both trending and consolidating environments.