UNIUSD Market Overview: Volatility and Rebound in 24 Hours

• Price tested 9.156 support and bounced toward 9.55 in 24 hours.
• Volatility spiked after 18:30 ET, with a sharp drop to 9.156 followed by a rebound.
• Volume surged at key turning points, confirming trend reversals.
• RSI remains neutral, suggesting no immediate overbought or oversold conditions.

Uniswap (UNIUSD) opened at 9.564 (12:00 ET - 1) and closed at 9.305 at 12:00 ET today. The 24-hour range extended from a low of 9.156 to a high of 9.55, with total volume of 148.54 and a notional turnover of 1,444.62 USD. Price action displayed volatility, especially around late evening and early morning hours.

Structure & Formations

The price tested key support at 9.156 and bounced sharply, forming a bullish reversal pattern around 07:15 ET. A large bearish candle formed around 23:00 ET, signaling short-term bearish momentum. Later, a strong bullish candle at 07:15 ET reflected renewed buying pressure. A doji at 00:15 ET suggested indecision, with price bouncing upward afterward.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, with price oscillating around them. This indicated a lack of clear trend direction in the short term. On the daily timeframe, the 50-period moving average acted as a dynamic resistance, with price currently below both the 50- and 200-day averages, suggesting a bearish bias in the broader trend.

MACD & RSI

The MACD showed a bullish crossover in the early morning, coinciding with the sharp rebound from 9.156. RSI remained in the 40–60 range for much of the day, reflecting neutral momentum. However, a notable divergence appeared between RSI and price during the 19:00–21:00 ET decline, suggesting potential bearish exhaustion.

Bollinger Bands

Bollinger Bands showed a contraction before the 18:30 ET drop, followed by a sharp price expansion through the lower band. This breakout was confirmed by increased volume, reinforcing the move. The price currently resides slightly above the midline, indicating a tentative bullish tilt but with wide bands signaling elevated volatility.

Volume & Turnover

Volume spiked during key turning points, especially at 18:30 ET, 20:45 ET, and 07:15 ET, confirming significant price swings. Turnover aligned with volume surges, with a total of 148.54 UNI traded. No major divergences were observed, and price and volume actions were in line for most of the day.

Fibonacci Retracements

Fibonacci levels identified 9.305 as the 50% retracement of the 9.156–9.55 range, and 9.27 as the 38.2% level. Price consolidated around these levels during the early morning and appeared to find support at 9.156 before reversing.

Backtest Hypothesis

A potential backtesting strategy for UNIUSD involves entering long positions at the 50% Fibonacci retracement level, with a stop-loss placed below the 9.156 support and a target at the 78.6% level. The MACD crossover on 07:15 ET validated the bullish setup. A short trade could be considered when price breaks below the 20-period MA, confirmed by a bearish divergence in RSI and declining volume.