UNIUSDT Market Overview – Bullish Momentum with Oversold Risk

• UNIUSDT rose 4.5% over 24 hours, breaking above prior resistance near $8.25.
• High volatility observed with Bollinger Band expansion and volume surging 35% from average.
• RSI reached overbought territory, suggesting potential pullback, while MACD crossed bullish.
• Key support at $8.22 held; next resistance at $8.32–8.35 could be tested by end of day.
• Strong buying pressure seen during London–NYC overlap, with volume spiking above $150k at peak.

Price Action Summary

The UNIUSDT pair opened at $8.207 on 2025-10-05 at 12:00 ET and closed at $8.273 on 2025-10-06 at 12:00 ET, reaching a high of $8.399 and a low of $7.995. Total trading volume for the 24-hour window was 979,683.04 UNI, while notional turnover reached $7.98 million, indicating a sharp increase in activity and bullish participation.

Structure & Formations

The 15-minute chart shows a clear bullish continuation with a strong reversal from the $8.10–8.12 support area. A key bearish engulfing pattern was rejected at $8.10–8.12, followed by a strong upward thrust. A doji formed at $8.393–8.394 during a peak, signaling potential short-term hesitation. Resistance levels at $8.25 and $8.32 were decisively broken, while support remains at $8.22 and $8.16.

Moving Averages

On the 15-minute chart, the price closed above the 20-period and 50-period moving averages, confirming a bullish bias. On the daily chart, the 50-day MA is at $8.18, the 100-day MA at $8.09, and the 200-day MA at $7.98. The current price is well above these, reinforcing the strength of the recent bullish trend and suggesting continued upward momentum.

MACD & RSI

The MACD crossed above the signal line in the morning, confirming the bullish breakout. RSI reached 74 by the midday peak, entering overbought territory, which may suggest a pullback could occur near $8.28–8.30. However, with volume and momentum still strong, a continuation above $8.32–8.35 cannot be ruled out.

Bollinger Bands

Volatility has expanded significantly, with the Bollinger Bands stretching wider as price action pushes higher. Price closed near the upper band at $8.273, indicating strong bullish momentum. A contraction in the bands is unlikely in the short term unless a sharp pullback occurs.

Volume & Turnover

Volume spiked sharply during the London–NYC overlap, particularly around 14:15–15:00 ET when the price surged from $8.32 to $8.40. This increase in notional turnover aligns with the price movement, reinforcing the strength of the upward trend. However, divergence between volume and price during a late-day pullback could indicate exhaustion if the rally continues.

Fibonacci Retracements

Applying Fibonacci to the recent swing from $7.995 to $8.399, key levels are:- 23.6% at $8.28
- 38.2% at $8.25
- 61.8% at $8.20
The price has already surpassed the 23.6% and 38.2% levels and currently rests near the 50% retracement area. A move above $8.35 would suggest a deeper bullish bias and could target the 78.6% level at $8.39.

Backtest Hypothesis

A potential backtesting strategy involves entering a long position when price closes above the 50-period MA on the 15-minute chart, paired with a bullish MACD crossover and RSI above 50, with a stop-loss placed below the most recent swing low. A take-profit target could be the next Fibonacci level or the upper Bollinger Band. This setup aligns with today's technical flow, where all three conditions were met during the early morning to midday rally. Testing this over historical data could offer insights into its consistency in trending markets.