Gravity/Tether (GUSDT) Market Overview for 2025-10-31

• Gravity/Tether (GUSDT) traded in a tight range with no clear directional bias, hovering between 0.0066 and 0.0069.
• A sharp 15-minute drop in the early morning ET brought price to a 24-hour low at 0.00649 before a modest recovery.
• Turnover and volume remained relatively stable, though a few spikes were observed in the early hours.
• No strong overbought or oversold RSI readings emerged, suggesting a lack of conviction in either direction.
• Price action shows potential consolidation ahead of a breakout or reversal, with key support near 0.00652 and resistance at 0.00687.

Gravity/Tether (GUSDT) opened at 0.00661 at 12:00 ET–1 and closed at 0.00688 at 12:00 ET on October 31, 2025. The pair reached a high of 0.00692 and a low of 0.00649 during the 24-hour window. Total volume was 112.4 million contracts, with a notional turnover of approximately $773,905 (based on average price of ~0.00686).

The price action reveals a volatile but indecisive day, with a 15-minute bearish candle early in the morning ET pushing the pair to a 24-hour low of 0.00649. A gradual recovery followed, with price reclaiming key levels by late evening and closing near the high. The lack of sustained momentum in either direction suggests a potential consolidation pattern. Notable support levels include 0.00652 and 0.00649, while resistance is seen at 0.00687 and 0.00692.

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating a lack of clear trend. The MACD (12,26,9) showed minimal divergence, reflecting weak momentum. While occasional bullish divergence was noted in the late hours, it was not strong enough to confirm a reversal. The RSI hovered between 45 and 58 for most of the session, staying well within neutral territory.

Bollinger Bands and Volatility

Volatility appeared to expand during the morning hours as the price broke below the lower Bollinger Band, reaching 0.00649. By late afternoon, the price re-entered the band with a close near the upper boundary, suggesting a retest of key resistance. The 20-period Bollinger Bands indicate that the current range between 0.00649 and 0.00692 could define a short-term trading channel.

Volume and Turnover Divergence

Volume increased during the morning low and again near the close, which could signal potential short-term turning points. However, no significant price-volume divergence was observed, and the increase in volume did not result in a breakout. Turnover spiked moderately during two late-night ET candle periods (around 04:00 and 07:00 ET), suggesting increased participation from short-term traders.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 0.00649 to 0.00692 shows key levels at 0.00659 (38.2%) and 0.00668 (61.8%). These levels appear to have acted as temporary supports and resistances. The price has yet to test the 0.00682 (78.6%) level, which could be the next major area of significance.

Backtest Hypothesis

The proposed backtest strategy hinges on identifying key reversal patterns, such as the Bullish Engulfing, as potential entry signals. This candlestick pattern could be relevant to the recent price action observed in Gravity/Tether (GUSDT), especially during the early morning ET candle that saw a sharp pullback followed by a recovery. If such a pattern occurs, the strategy suggests entering a long position at the open of the following day and holding it for three trading days. Given the recent volatility and consolidation in the GUSDT pair, this type of pattern may provide a viable framework for short-term entries, particularly if confirmed by a breakout above the 0.00687 resistance level.