Sure, UC can compete for the league title. According to Live-RPI, Cincinnati will be favored to win the next 6 games: @Houston, Rutgers, Temple, @USF, UCF, @Temple. Out of those 6, the game on Tuesday night is probably going to be the toughest. Houston is 2-0 in the league, playing with a ton of confidence. UConn came out really flat against them, and Houston pounced all over them getting up by 21 in the first half. Hopefully that game will wake up UC, and they will come out ready to play.
If UC is sitting at 8-0 after that stretch, or even 7-1...they will definitely be in the hunt to win it.