Market Overview for GMT/Tether (GMTUSDT)

Summary
• Price surged to 0.01693 before consolidating near 0.01667, forming potential resistance and support clusters.
• High volume and turnover near 0.01681–0.01693 suggest strong participation and short-term reversal risk.
• RSI suggests overbought conditions in late-session rallies, while Bollinger Bands hint at tightening volatility.
• MACD indicates bullish momentum with positive divergence between price and momentum.

GMT/Tether (GMTUSDT) opened at 0.01638 on 2026-01-05 at 12:00 ET, reached a high of 0.01693, and closed at 0.01667 on 2026-01-06 at 12:00 ET. The 24-hour volume was approximately 32,165,435.9 units, with notional turnover of 523,092.49 USD.

Structure and Candlestick Formations

The 24-hour OHLCV shows a strong bullish thrust in the afternoon and evening hours, with price reaching a high of 0.01693, forming a potential short-term resistance cluster between 0.01681–0.01693. A bearish consolidation followed with price settling around 0.01667–0.01669, suggesting a potential support zone. The late-session bullish engulfing pattern between 0.01676–0.01693 and the evening bearish harami between 0.01688–0.01679 point to potential indecision in the short term.

Moving Averages and Momentum

Short-term moving averages on the 5-minute chart (20/50) are bullish, with price above both. On the daily chart, no complete data is available for 50/100/200-period averages. The MACD remains positive, with a rising histogram, suggesting continued bullish momentum. RSI approached overbought levels during the late session surge, reaching 70, signaling potential for a pullback.

Volatility and Bollinger Bands

Bollinger Bands on the 5-minute chart show moderate expansion during the rally, with price touching the upper band during the 0.01693 high. A contraction is forming as price stabilizes near 0.01667–0.01669. This could precede a breakout or reversal. Price currently resides near the middle band, indicating a potential continuation or consolidation phase.

Volume and Turnover Analysis

The most significant volume and turnover spikes occurred between 14:00–15:45 ET, when price surged from 0.01672 to 0.01693. A sharp increase in notional turnover (peaking at ~$104,765.32 at 13:00 ET) suggests heavy participation and conviction in the upward move. However, the lack of follow-through volume after the 0.01693 high indicates potential exhaustion.

Fibonacci Retracements

Applying Fibonacci levels to the 0.01634–0.01693 swing on the 5-minute chart, price currently rests near the 61.8% retracement level at 0.01664. A break above this level may see price test the 0.01679 (78.6%) level, while a drop below 0.01661 could retest 0.01653 (38.2%).

GMT/Tether may see a potential test of 0.01681–0.01693 resistance over the next 24 hours if buyers remain active. However, caution is advised if volume fails to confirm a breakout. Short-term traders should monitor for reversal signals near 0.01667–0.01669 and be wary of overbought conditions.