Gravity/Tether GUSDT Market Overview

• Gravity/Tether (GUSDT) declined -0.15% over 24 hours, closing near intraday lows.
• Volume surged to $14.5M, with price failing to hold above 0.01025.
• A bearish engulfing pattern formed near 0.01024–0.01026.
• RSI hit 35, signaling oversold territory but with no bullish follow-through.
• Volatility expanded between 0.01010 and 0.01034, with Bollinger Bands widening.

Gravity/Tether (GUSDT) opened at 0.01026 on 2025-09-23 12:00 ET, reached a high of 0.01034, and a low of 0.01007, closing at 0.01008 at 12:00 ET. The total volume for the 24-hour period was 11,140,481.00, with a notional turnover of $112,355. The pair showed a bearish bias with a breakdown below key intraday support levels.

Structure & Formations

The 24-hour candlestick pattern revealed a bearish trend, with key resistance around 0.01025 and support at 0.01015 and 0.01007. A bearish engulfing pattern emerged at 0.01024–0.01026, indicating a rejection of higher prices. A doji near 0.01014 suggested indecision. The price failed to retest the 0.01025 level after a sharp drop following the 19:30 ET candle, marking a breakdown of a minor bullish bias.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MA20 and MA50) crossed below the price around 20:00 ET, confirming a short-term bearish bias. For the daily chart, the 50-period MA was above the 200-period MA, indicating a long-term bullish trend, but the 100-period MA intersected the price near 0.01013, suggesting potential for a short-term reversal.

MACD & RSI

The MACD histogram turned negative by 18:00 ET, confirming bearish momentum. RSI dropped to 35 in the late evening, signaling oversold conditions, though price failed to rebound meaningfully. This suggests a potential for a false positive or a prolonged consolidation phase. Divergence between price and RSI indicates caution is warranted.

Bollinger Bands

Bollinger Bands widened significantly between 17:00 ET and 20:30 ET, with the price dipping below the lower band at 0.01007. This move suggests increased volatility and a potential short-term bottoming process. However, the price remains within a wider consolidation range between 0.01007 and 0.01034, with no clear breakout above the mid-band.

Volume & Turnover

Volume spiked to 1,603,867 at 20:30 ET, with price dropping to a 24-hour low. Turnover increased in line with volume but failed to confirm bullish follow-through. A divergence between price and volume at the 19:30–20:30 ET candles suggests weak conviction in the bearish move, but the overall trend remains bearish.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level was tested at 0.01020–0.01024 but failed to hold. The 38.2% level at 0.01013 acted as temporary support. On the daily chart, the 38.2% retracement at 0.01017 may offer a short-term floor if the decline continues.

Backtest Hypothesis

Given the bearish engulfing pattern and the breakdown below 0.01025, a backtest could evaluate a short position triggered on a close below 0.01024, with a stop-loss at 0.01030 and a target at 0.01005. This setup would align with the RSI oversold signal and the breakdown in momentum. However, the presence of a doji near 0.01014 suggests caution in overleveraging on the short side without confirmation of a follow-through bearish candle.