Gravity/Tether USDt Market Overview – 2025-09-06

• Gravity/Tether USDt (GUSDT) traded in a narrow range over 24 hours, capped by resistance near 0.01116 and supported around 0.01102.
• A bullish engulfing pattern emerged near 0.01111, suggesting short-term buying interest.
• Volatility expanded briefly at 00:45 ET as price hit a high of 0.01123 before consolidating.
• Notional turnover peaked at 03:45 ET, confirming the morning’s consolidation phase.
• RSI remains within neutral territory, indicating no immediate overbought or oversold signals.

Gravity/Tether USDt (GUSDT) opened at 0.01111 on 2025-09-05 at 12:00 ET, reached a high of 0.01123, and closed at 0.01107 at 12:00 ET on 2025-09-06. Total traded volume was 11.2 million contracts, with a turnover of $1.23 million over the 24-hour window.

Structure & Formations

GUSDT displayed a choppy 24-hour profile, forming a range-bound pattern between 0.01102 and 0.01123. A bullish engulfing pattern occurred at 23:15 ET, as a bearish candle (0.01114–0.01115) was followed by a strong bullish candle (0.01115–0.01121). This formation could signal a short-term reversal if confirmed by follow-through buying. A doji formed at 00:00 ET, suggesting indecision and possible consolidation. Key support levels emerged at 0.01107 and 0.01102, while resistance held near 0.01116 and 0.01121.

Moving Averages

On the 15-minute chart, price traded below the 20-period and 50-period moving averages for most of the session, indicating short-term bearish bias. However, the 50SMA rose slightly during the morning hours, hinting at a potential upward shift. On a daily timeframe, the 50DMA and 200DMA remain close, suggesting the asset is still in a neutral or consolidative phase with no clear trend yet established.

MACD & RSI

The MACD line crossed below the signal line in the early hours, reflecting bearish momentum that lasted into the morning. By midday, it turned positive again, aligning with the bullish engulfing pattern. RSI remained within the 40–60 range throughout, showing moderate buying and selling pressure without extreme conditions. A slight upward trend in RSI suggests a possible short-term rebound, though a break above 60 would be needed to confirm a shift into overbought territory.

Bollinger Bands

Volatility expanded during the early morning session as price moved near the upper band, with a high of 0.01123 at 00:45 ET. This was followed by a contraction into the midband as the asset stabilized. By afternoon, price remained within the band’s range, suggesting continued consolidation. A breakout above the upper band could signal renewed upward momentum, while a break below the lower band would indicate a possible bearish trend.

Volume & Turnover

Volume spiked at 03:45 ET, coinciding with a price high near 0.01123 and a large candle confirming the morning consolidation phase. Notional turnover followed suit, peaking at the same time, which supports the validity of the move. However, volume dropped off after 06:00 ET, suggesting that the buying interest may not be sustained. A divergence between price and volume in the late session indicates potential exhaustion among buyers.

Fibonacci Retracements

Applying Fibonacci to the 23:15–00:45 ET swing, key levels at 0.01114 (38.2%) and 0.01117 (61.8%) acted as temporary resistance and support. The price paused at both levels before resuming consolidation. On the daily timeframe, retracements suggest a possible short-term pivot around 0.01111 and 0.01107, which align with recent support levels observed in candle patterns.

Backtest Hypothesis

Given the observed bullish engulfing pattern and Fibonacci support at 0.01107, a backtesting strategy could be structured around a long entry at 0.01111 with a stop-loss below 0.01105 and a target at 0.01116. This setup would aim to capture the continuation of a short-term reversal. If RSI crosses above 60 and volume surges again, this could reinforce the signal. A stop-loss would protect against a breakdown below 0.01105, while a target at 0.01116 aligns with resistance levels and Fibonacci extensions.