Gravity/Tether (GUSDT) Market Overview for 2025-10-28

• Gravity/Tether (GUSDT) opened at $0.00744 and closed 24 hours later at $0.00734, down 1.37%
• Price swung between $0.00730 and $0.00780, forming a bearish consolidation pattern
• Volatility picked up in the 18:30–19:00 ET range, with a massive $16.6 million turnover
• RSI dipped below 30 near 00:30 ET, signaling oversold conditions, but lacked follow-through
• MACD turned negative, confirming a short-term bearish momentum with volume divergence

Gravity/Tether (GUSDT) opened at $0.00744 at 12:00 ET on 2025-10-27 and closed at $0.00734 by 12:00 ET on 2025-10-28. The pair traded as high as $0.00780 and as low as $0.00730 during the 24-hour window. Total volume was approximately 100.9 million, with total turnover reaching $744,000. A sharp sell-off occurred after 18:30 ET, followed by a failed attempt to rally after 19:00 ET.

Structure & Formations

GUSDT formed a descending channel over the past 24 hours, with key resistance levels at $0.00747 and $0.00754. The $0.00730–$0.00740 range appears to act as a consolidation floor, with a bearish engulfing pattern forming around 00:30–00:45 ET. A doji formed near the $0.00736 level, indicating indecision and potential support.

Moving Averages

On the 15-minute chart, the 20-period MA was bearishly aligned below the 50-period MA, reinforcing short-term bearish momentum. The 50-period MA crossed below the 100-period MA on the daily chart, indicating a possible shift in trend. The 200-period MA continues to act as a strong bearish bias, suggesting further tests of lower levels in the near term.

MACD & RSI

MACD turned negative by 19:00 ET, confirming a bearish turn. The histogram showed a diverging pattern with price after 19:30 ET, with volume failing to confirm further downside. RSI dipped below 30 during the early morning hours but failed to close back above 30, suggesting continued bearish momentum. However, a potential rebound may emerge if RSI crosses above 30 with strong volume.

Bollinger Bands

Price spent most of the day outside the upper and lower Bollinger Bands, indicating high volatility. A contraction occurred between 01:30 and 03:00 ET before a sharp expansion. Price has since remained near the lower band, suggesting bearish pressure.

Volume & Turnover

Volume spiked dramatically at 18:30 ET (16.6 million), coinciding with the sharp drop to $0.00761. Subsequent volume remained elevated but not to the same extent, suggesting that the initial sell-off exhausted much of the bearish pressure. However, notional turnover remained subdued compared to the volume spike, hinting at potential divergence.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at $0.00746 and the 38.2% level at $0.00741 acted as short-term barriers. On the daily chart, the 61.8% retracement of the recent $0.00730–$0.00780 swing is at $0.00752, which may act as a key resistance on any near-term bounce.

Backtest Hypothesis

Given the RSI dip below 30 observed early on 2025-10-28, a potential backtest strategy could be applied: entering long positions on GUSDT when RSI < 30 on the 15-minute chart, holding for five days, and exiting at the close of the fifth day. This strategy would be tested over the period from 2022-01-01 to 2025-10-28 to assess its viability. If this strategy shows consistent profitability during oversold conditions, it could be a low-risk entry point for short-term traders, especially when confirmed by volume and Bollinger Band contractions.