Market Overview for The Graph/Tether (GRTUSDT)

Summary
• Price declined from 0.0485 to 0.04559, forming bearish reversal patterns.
• RSI entered oversold territory, indicating potential bounce.
• Volatility expanded, with volume surging after sharp declines.
• Key support at 0.04547 tested; resistance at 0.0460.
• MACD signal line crossed below zero, signaling bearish momentum.

The Graph/Tether (GRTUSDT) opened at 0.04829 at 12:00 ET − 1 and closed at 0.04559 at 12:00 ET, with a high of 0.0485 and low of 0.0453. Total volume reached 42,395,547.0, and notional turnover amounted to approximately $1,956,157.19.

Structure & Formations

The price action over the past 24 hours showed a consistent bearish bias, with a large candle forming at 17:45 ET (0.04823 → 0.04788), followed by a series of lower lows and lower highs. A potential bearish engulfing pattern emerged near 0.04823, and a long lower shadow near 0.04781 suggested rejection at that level.

. A doji at 19:45 ET (0.04768) hinted at indecision after the sharp drop. The price is now consolidating near 0.04547–0.04559, with 0.04547 likely to be a key support level in the near term.

Moving Averages

On the 5-minute chart, the price is below both the 20-EMA and 50-EMA, reinforcing bearish momentum. On the daily chart, the price remains below the 50, 100, and 200-day MAs, indicating a medium-term bearish bias.

MACD & RSI

The MACD line crossed below the signal line and the zero level during the sharp drop in late evening, confirming bearish momentum. The RSI has dropped into oversold territory at around 26–28, suggesting the pair may retrace toward 0.0460 in the short term. However, the RSI has not shown a strong divergence to signal a reversal.

Bollinger Bands

Volatility expanded significantly during the sharp decline, pushing the price near the lower Bollinger Band for several hours. The most recent candles have consolidated into a narrower band, indicating a potential resumption in volatility. The price is currently hovering just above the lower band, suggesting a bounce may be imminent.

Volume & Turnover

Volume surged during the key decline at 17:45 ET and remained elevated during the subsequent consolidation, indicating ongoing bearish participation. Notional turnover mirrored volume spikes during these declines, confirming price action rather than diverging. However, volume dipped slightly as the price approached 0.04547–0.04559, hinting at potential support formation.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing (0.04788 to 0.04559), the 61.8% level is around 0.04644. The 38.2% retracement level is near 0.04672. If a bounce materializes, 0.04644–0.04672 may act as initial resistance. On the daily chart, key Fib levels from the broader decline (e.g., 0.0485 to 0.0453) align with current consolidation, suggesting the next move could test these retracement levels.

In the near term, GRTUSDT appears poised for a potential short-term bounce from current levels. However, a break below 0.04547 could extend the decline further, while a sustained move above 0.0460 would suggest renewed buying interest. Investors should remain cautious about mixed signals and consider both support and resistance levels as key decision points.