Gravity/Tether (GUSDT) Market Overview: 24-Hour Analysis

• Gravity/Tether (GUSDT) declined ~0.97% over 24 hours, breaking below key support at $0.0098.
• Volatility spiked midday before tapering, with RSI signaling oversold conditions and potential near $0.00972.
• A bearish breakdown below $0.00984 suggests continuation of a 38.2% Fibonacci retracement level.
• High volume on the downward move confirms bearish momentum, though a potential rebound could test $0.00985–$0.00987.
• MACD crossed into negative territory with bearish divergence, reinforcing the likelihood of further consolidation.

Gravity/Tether (GUSDT) opened at $0.01002 on 2025-09-25 12:00 ET, reaching a high of $0.01004 before closing at $0.00972 at 12:00 ET on 2025-09-26. The pair traded as low as $0.0096 and experienced significant bearish momentum, particularly between 17:30 and 18:00 ET. Total volume amounted to 30,146,877 and notional turnover was $291,976, reflecting active bearish pressure.

Structure & Formations

The price action formed a bearish breakdown pattern as GUSDT fell through key support at $0.00984, then $0.0098, and finally $0.00972. A notable bearish engulfing pattern emerged during the 17:30–18:00 ET window, with a long bearish candle confirming distribution. A doji formed at $0.00984–$0.00983, signaling indecision, but it was quickly invalidated by a large bearish follow-through. Resistance levels to watch include $0.00985 and $0.00987, with $0.00982 and $0.00978 as near-term supports.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with the 20SMA currently at ~$0.00978 and the 50SMA at ~$0.00982, confirming the downward trend. On the daily chart, the 50DMA is at $0.00988, with the 100DMA at $0.00992 and the 200DMA at $0.00997. Price remains below all these averages, reinforcing a bearish bias.

MACD & RSI

The MACD turned negative around 18:00 ET, confirming bearish momentum with a large negative histogram bar. RSI is currently at ~29, indicating oversold conditions. However, RSI has not shown a strong bounce yet, suggesting a potential for a rebound or continuation of the downtrend. A close above $0.00983 could trigger a RSI bounce, but a failure to hold above this level would suggest further bearish movement. Divergence between price and RSI indicates caution.

Bollinger Bands

Bollinger Bands have expanded significantly during the bearish move, with the lower band currently at $0.00968. Price has spent most of the session trading near or below this band, indicating high volatility and a potential exhaustion point for sellers. A rebound within the bands may test the lower band as a potential support, but a break below it could suggest further consolidation.

Volume & Turnover

Volume spiked sharply during the 17:30–18:00 ET window, with the 17:30 candle alone trading ~3.0 million units and a turnover of ~$29,875. This confirms the strength of the bearish move. However, volume has tailed off since 18:00 ET, indicating a potential pullback or consolidation phase. Notional turnover and price are aligned, with no significant divergence observed.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.01004 to $0.0096, the 38.2% level is at $0.00982 and the 61.8% level is at $0.00974. Price is currently near the 61.8% level, suggesting a possible pause or reversal. A break below $0.00972 would bring the 78.6% retracement into play at ~$0.00965. Daily Fibonacci levels also align with key psychological support at $0.0097.

Backtest Hypothesis

Given the bearish confirmation via engulfing patterns, moving averages, and volume, a potential backtest strategy could involve a short position triggered upon a close below $0.00982 with a stop above $0.00985 and a target at $0.00972. RSI below 30 and a MACD crossover into negative territory further reinforce the strategy's signal. The Fibonacci 61.8% retracement at $0.00974 offers a natural point for risk management or partial profit-taking.