Market Overview for The Graph/Tether

Summary
• Price climbed to 0.04718 before consolidating near 0.04665 at 12:00 ET.
• Volume surged to 2.06M at 16:30 ET, confirming a bullish reversal.
• RSI hit 58, suggesting moderate momentum but no overbought condition.
• Bollinger Bands widened after the morning rally, indicating increased volatility.
• A bullish engulfing pattern formed around 17:30 ET, signaling potential short-term strength.

24-Hour Snapshot

The Graph/Tether (GRTUSDT) opened at 0.04539 on 2025-12-07 at 12:00 ET, surged to 0.04718, and closed at 0.04665 on 2025-12-08 at 12:00 ET. Total volume reached 20.64 million GRT, while turnover amounted to approximately $955,000, reflecting strong participation during the rally and consolidation phases.

Structure & Formations

The price action showed a strong 5-minute bullish reversal around 09:15 ET, with a candle forming a following a bearish selloff. This suggests a short-term shift in sentiment. Key support appeared around 0.0450–0.0455, while resistance held at 0.0466–0.0468 as buyers entered ahead of 17:00 ET.

Moving Averages and Momentum

On the 5-minute chart, the price closed above both 20-EMA and 50-EMA, reinforcing a bullish bias. The 24-hour MACD crossed above the signal line, indicating strengthening upward momentum. RSI remains in neutral territory at 58, with no sign of overbought conditions, suggesting further upside could be possible if volume remains strong.

Volatility and Bollinger Bands

Volatility increased sharply after 09:15 ET as the price surged above the upper Bollinger Band. This expansion suggests increased conviction among buyers. The contraction observed earlier in the session suggests a period of indecision before the breakout.

Volume and Turnover

A sharp increase in volume occurred at 16:30 ET, confirming a bullish reversal as the price rebounded from 0.04605 to 0.04641. The volume at that time reached 2.06 million GRT, while turnover spiked to $95,500, showing strong buying pressure.

Fibonacci Retracements

The morning selloff from 0.04718 to 0.04605 saw a retest of the 61.8% Fibonacci retracement at 0.04655, where the price found support and reversed. This level could act as a pivot for the next 24 hours, with a potential test of the 0.0470 resistance ahead.

The recent bullish breakout may see continued buying interest, particularly if the 0.0466 resistance holds and volume remains elevated. However, traders should remain cautious of a potential pullback near 0.0458–0.0460 as short-term profit-taking could emerge.