Market Overview for GMT/Tether (GMTUSDT) – 2025-10-10

• GMT/Tether (GMTUSDT) fluctuated between 0.0358 and 0.0386 over the past 24 hours.
• The pair saw strong bearish momentum in the final 90 minutes, dropping from 0.0377 to 0.0362.
• High volatility and volume spikes were seen around 15:45–16:00 ET, with a sharp 5% drop.
• A large bearish candle on the 15-minute chart suggested potential reversal or exhaustion of bullish momentum.
• RSI indicated oversold conditions at the close, hinting at short-term rebound potential.

GMT/Tether (GMTUSDT) opened at 0.0371 at 12:00 ET–1 and reached a high of 0.0386 before closing at 0.0362 at 12:00 ET. Total volume for the 24-hour period was 57,188,485.0 and notional turnover reached $1,977,610.0. The pair showed mixed momentum with sharp bearish acceleration in the last 90 minutes.

Structure & Formations

GMT/Tether (GMTUSDT) showed multiple key patterns over the last 24 hours. A notable large bearish candle on the 15-minute chart at 15:45 ET–15:45 ET–1 marked a breakdown of the 0.0378 support level, confirming bearish pressure. A morning rally between 09:30–10:00 ET saw a bullish engulfing pattern forming near 0.0384, but failed to hold above the 0.0385 resistance. A hanging man and a doji were visible near 0.0368 and 0.0365, suggesting indecision among market participants. Key support levels appear at 0.0368 and 0.0365, with resistance at 0.0375–0.0378.

Moving Averages

On the 15-minute chart, the price tested the 20-period EMA at 0.0377 before falling below it, indicating bearish momentum. The 50-period EMA currently sits at 0.0379, which could act as a dynamic resistance on the way up. Over the daily timeframe, the 50-period SMA is at 0.0372, the 100-period at 0.0374, and the 200-period at 0.0369. The price is now near the 200-period SMA and may test it as a potential floor.

MACD & RSI

MACD crossed below the signal line earlier in the day, indicating bearish momentum. The histogram showed a shrinking bearish divergence in the final hour, suggesting short-term exhaustion. RSI has been trending downward but hit oversold territory near 25 at the close, which could support a near-term bounce. The RSI divergence observed in the final 90 minutes may indicate a potential reversal setup.

Bollinger Bands

Volatility expanded significantly during the sharp drop between 15:45–16:00 ET, with the lower band reaching 0.0358. The price closed near the lower Bollinger Band, which could act as a floor if buyers step in. The width of the bands expanded in the last 4 hours of the session, suggesting increased market uncertainty and positioning ahead of a potential break.

Volume & Turnover

Volume spiked sharply in the final 90 minutes, peaking at 12,885,065.5 at 15:45 ET, which coincided with the sharp 5% drop. This suggests increased selling pressure and potential capitulation. Turnover also increased disproportionately during this period, confirming the bearish move. Earlier in the day, volume was relatively low, indicating a lack of conviction in bullish moves. Divergence between price and volume was observed during the 14:30–15:30 ET window, which may hint at distribution activity.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.0358 to 0.0386, key levels are at 0.0378 (38.2%) and 0.0373 (61.8%). The 61.8% level now aligns with the 50-period EMA and may offer support ahead. On the daily chart, the 0.0368 level represents the 61.8% retracement of the previous 0.0365–0.0386 move and could be a critical support level in the next 24–48 hours.

Backtest Hypothesis

A potential strategy could involve a short setup triggered by a break below the 0.0378 support level (38.2% Fib and 20-period EMA) and confirmation via bearish divergence on the RSI and MACD. A stop loss could be placed above the 0.0381 resistance level. This setup may work best in the context of a larger bearish trend and high volatility conditions. The strategy could also benefit from volume confirmation—particularly when volume increases with bearish candle close. Given the recent sharp drop and oversold RSI, a reversal strategy with a tight stop below 0.0365 might also be viable.