Gnosis/Tether Market Overview for 2025-09-21

• GNOUSDT opened at $146.80, hit a high of $148.63, and closed at $147.77 within a volatile 24-hour span.
• Price experienced a sharp reversal after a bearish move early in the session, suggesting renewed bullish momentum.
• RSI and MACD indicate overbought conditions and strong upward momentum, while volume remained robust during key price moves.
• Bollinger Bands showed a moderate expansion, with price consolidating near the upper band in the final hours of the session.
• A potential support zone at $146.46 and a resistance at $147.15 were tested multiple times, with the price breaking through the latter in the late hours.

Gnosis/Tether (GNOUSDT) opened at $146.80 on 2025-09-20 at 12:00 ET, reached a high of $148.63, and closed at $147.77 at 12:00 ET on 2025-09-21. The pair recorded a total volume of 2,810.54 units and a notional turnover of $413,764.97 over the 24-hour window. The session was marked by sharp price swings, bearish and bullish reversals, and significant volume activity in key price ranges.

The price structure of GNOUSDT suggests a strong support at $146.46, which acted as a key level during the early part of the session. This level was tested three times with increasing volume and resulted in a bullish bounce each time. A potential resistance cluster formed around $147.15–$147.47, with the price managing to break above the upper end in the final hours. A notable bullish engulfing pattern occurred at the $147.02–$147.47 range, indicating strong buying interest. Additionally, a hammer-like formation was observed in the last 90 minutes, signaling possible consolidation and a potential reversal of the downward trend.

Structure & Formations

The price action displayed a classic bullish reversal pattern following a bearish breakdown early in the session. The bearish move from $147.02 to $146.18 was met with strong buying pressure at the $146.46 level, resulting in a series of bullish bounces. A key resistance area formed between $147.15 and $147.47, with the price managing to break above $147.47 in the final hours, suggesting a potential continuation of the bullish trend. A doji was observed near $147.15, indicating indecision but eventually giving way to a strong bullish impulse.

The 20-period and 50-period moving averages (15-minute chart) showed a bullish crossover during the late hours, with the 20SMA crossing above the 50SMA at $147.28. On the daily chart, the 50-period SMA is positioned near $146.50, while the 100- and 200-period SMAs remain below $146.00, suggesting a potential shift toward bullish momentum.

MACD & RSI

The MACD line crossed above the signal line at $147.15, signaling a bullish crossover. The histogram showed increasing positive momentum during the last 4 hours of the session. The RSI reached an overbought level of 65–68 in the final 3 hours, suggesting strong upward momentum. However, the RSI also showed a divergence from price in the early part of the session, with the price making lower lows while the RSI made higher lows—this could indicate a potential false breakout or a consolidation phase.

The combination of strong RSI readings and bullish MACD divergence suggests that GNOUSDT is in a strong short-term bullish phase. Investors should monitor for a potential pullback or a break of the $147.47 level to confirm the trend continuation.

Bollinger Bands

Bollinger Bands showed a moderate expansion during the session, with the upper band reaching $148.00 and the lower band at $145.72. Price action remained within the band boundaries for the majority of the session but briefly touched the upper band during the last hour. The price closed near the upper band, indicating that volatility remains high and that the market is in a strong bullish phase.

The 20-period standard deviation was at 1.03, suggesting that volatility has increased compared to the previous session. If the price continues to hold above the 50-period SMA and remains near the upper band, it could indicate a continuation of the bullish trend.

Volume & Turnover

Volume was highest during the key resistance break at $147.47 and during the bullish impulse near the end of the session. The largest volume spike occurred at 15:30 ET, with 274.46 units traded and a notional turnover of $40,448.17. This coincided with the price breaking through the $147.47 level and reaching the high of $148.63.

Notional turnover also showed a strong increase during the same period, confirming the bullish breakout. The volume and turnover were consistent with the price action, suggesting that the move was driven by genuine buying pressure rather than manipulation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from $146.18 to $148.63, key levels include the 38.2% retracement at $147.67 and the 61.8% at $147.37. The price closed near the 38.2% level at $147.77, indicating that it may find short-term resistance there in the next 24 hours. The 61.8% level at $147.37 appears to be a strong support, having been tested multiple times during the session.

On the daily chart, the 38.2% and 61.8% retracement levels align with the 50SMA and the 100SMA, respectively, suggesting that the price may consolidate around these levels before continuing its upward trend.

Backtest Hypothesis

Given the observed patterns and indicators, a potential backtest strategy could involve entering a long position when the price breaks above the 38.2% Fibonacci retracement level at $147.67, confirmed by a bullish MACD crossover and rising RSI. A stop-loss could be placed just below the 61.8% retracement level at $147.37, while a take-profit target might be set near the upper Bollinger Band at $148.00. This setup would align with the observed bullish momentum and could offer a favorable risk-reward ratio if the price continues to hold above key moving averages.