Gitcoin/Tether Market Overview for October 13, 2025

• Gitcoin/Tether (GTCUSDT) rose to $0.236 near the 24-hour high before consolidating.
• A bullish breakout above 0.232–0.233 may face immediate resistance at 0.237–0.24.
• Volume surged to ~126k in early ET, with a second peak of ~118k at 11:15 ET.
• Price closed 1.4% above the prior day’s 12:00 ET open, suggesting moderate bullish momentum.
• RSI and MACD suggest moderate strength, with no clear overbought signals yet.

Gitcoin/Tether (GTCUSDT) opened at $0.222 on October 12 at 12:00 ET, rose to a high of $0.236, and closed at $0.236 at 12:00 ET on October 13. The 24-hour volume reached approximately 1,181,192 tokens, with total turnover of $286,997 (based on average $0.242 price). Price action revealed a strong bull push in early ET followed by consolidation and retesting of key levels.

The 15-minute OHLCV data revealed key resistance levels at $0.231–0.233 and $0.237–0.24, with a shallow support range at $0.227–0.23. Several bullish engulfing patterns were observed during the 19:45 to 20:45 ET window, signaling buying pressure at key pullback levels. A doji was recorded at 05:45 ET, hinting at indecision in the $0.228–0.229 range.

MACD remained in positive territory, with a slow-growing histogram indicating accumulating bullish momentum. RSI hovered near 52–55, showing no signs of overbought conditions yet. Bollinger Bands expanded during the 22:00–07:30 ET period, suggesting heightened volatility. Price traded within the upper and middle bands during the 07:00–14:00 ET window, aligning with a breakout and consolidation phase.

Volume spiked to 126k at 11:15 ET and again to 118k at 11:15 ET, both times coinciding with price retracements. Turnover confirmed these moves with no major divergences. The 20-period EMA held above the 50-period EMA throughout the day, reinforcing the bullish bias. Fibonacci levels at 0.234 (61.8%) and 0.237 (78.6%) were key psychological levels tested during the 07:15–14:00 ET range.

Backtest Hypothesis: The recent inability to automatically detect Doji Star patterns from the data endpoint has limited our ability to perform a one-day-hold backtest based on this setup. However, manually examining the candlestick data, a potential Doji Star pattern was observed at 05:45 ET, suggesting a possible reversal. If we had entered a short at this level, the subsequent retest and consolidation would have offered an exit window. A similar pattern would allow for a one-day-hold strategy if confirmed with volume and other indicators. To move forward, we could either (1) switch to a more generic Doji detection model or (2) compute the Doji Star pattern locally from the provided OHLC data.

Looking ahead, the 24-hour close above $0.236 suggests a potential continuation toward $0.241–0.244, with a risk of pullback to the $0.230–0.233 zone if short-term volatility increases. Investors should watch for confirmation at the 0.237 resistance and divergences in RSI or volume as potential early warning signs of a reversal.