Market Overview for The Graph/Tether (GRTUSDT): 24-Hour Analysis as of 2026-01-02

Summary
• Price tested and held above key support at 0.03522, forming a bullish engulfing pattern around 17:45 ET.
• RSI moved from oversold to neutral territory, indicating potential short-term momentum reversal.
• Volume spiked during the final 4.5-hour window, supporting a 0.0363–0.0369 resistance cluster.
• Volatility expanded sharply in the last 3 hours, pushing prices above the Bollinger Band upper range.
• Fibonacci 61.8% retracement level at 0.0357 appears to have been rejected, shifting focus to 0.0363 for a potential breakout.

Market Overview

The Graph/Tether (GRTUSDT) opened at 0.0353 on 2026-01-01 12:00 ET, reached a high of 0.03692, a low of 0.03522, and closed at 0.03692 as of 2026-01-02 12:00 ET. Total volume amounted to 47,536,000, while turnover was 1,741,200 USD, reflecting significant late-day accumulation and distribution activity.

Structure & Moving Averages

Price formed a distinct low of 0.03522, followed by a strong rally that tested multiple 5-minute moving averages, including the 20 and 50-period levels. On the daily chart, the 50-period MA appears to be a key support at around 0.0356. The move above the 0.0363 level, which aligns with a prior resistance and Fibonacci 61.8% retracement, suggests a potential shift in sentiment toward a continuation of the bullish bias.

MACD and RSI Dynamics

MACD showed a positive crossover around 18:00 ET, coinciding with a divergence between price and RSI. RSI initially hit oversold conditions below 30 but bounced strongly, reaching mid-50s by the close. This suggests a possible exhaustion of bearish momentum and a temporary reversal of pressure toward the bulls.

Bollinger Bands and Volatility

Volatility expanded significantly in the final 4.5 hours, pushing prices outside the upper Bollinger Band. This expansion, paired with a sharp increase in volume, signals strong conviction among buyers and could foreshadow a near-term consolidation or pullback as traders take profits.

Volume and Turnover Implications

Volume and turnover surged from 03:00 ET onward, particularly during the 15:00–17:00 ET window. The increased participation in the 0.0363–0.0369 range implies a potential short-term ceiling, where further volume spikes may indicate a breakout or rejection.

Fibonacci and Key Levels

Fibonacci retracement levels showed the 0.0357 level acted as a temporary pivot, but the price decisively broke through to test the 0.0363–0.0369 range. A close above 0.03692 on the next 24-hour window could trigger a wave of short-term bullish momentum and invalidate near-term bearish scenarios.

The immediate path of least resistance appears to be higher, with a potential retest of 0.03692–0.0370 as the next target. However, caution is warranted if the price fails to hold above 0.0363, which could trigger a retest of the 0.0356–0.0357 support zone. Investors should monitor volume and RSI behavior for confirmation of a sustainable trend reversal.