Market Overview for The Graph/Tether USDt (GRTUSDT) – 2025-09-06

• The Graph/Tether USDt (GRTUSDT) formed a bullish reversal pattern amid range consolidation.
• Price moved within a 0.0873–0.0891 range, with 0.0885 acting as a key pivot.
• Momentum was mixed, with RSI oscillating around the 50 level and no clear overbought/oversold signals.
• Volume was moderate, with a peak of 2.83M at 19:00 ET, confirming a minor breakout attempt.
• Bollinger Bands showed a slight contraction in the final hours, hinting at a potential volatility expansion.

Opening Summary

The Graph/Tether USDt (GRTUSDT) opened at 0.0883 on 2025-09-05 at 12:00 ET and closed at 0.0878 on 2025-09-06 at 12:00 ET. The 24-hour range extended to a high of 0.0891 and a low of 0.0873. Total volume for the period was approximately 30.39 million, and notional turnover amounted to roughly $2.68 million. Price appears to be consolidating in a well-defined range, with momentum and volume offering a mixed outlook.

Structure & Formations

Price activity over the 24-hour period formed a symmetrical range-bound structure between 0.0873 and 0.0891, with 0.0885 emerging as a strong pivot. Key support levels include 0.0877 and 0.0873, while key resistances sit at 0.0885 and 0.0891. A bullish engulfing pattern was observed around 19:00 ET, followed by a failed breakout attempt, and the candle closed below the opening level, suggesting potential bearish pressure. A doji formed near 0.0887 at 02:30 ET, signaling indecision.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart indicate a flat trend with the 50-period line slightly above the 20-period line, suggesting mild bearish momentum. Price frequently tested these lines, particularly the 50-period moving average at around 0.0884, which acted as a dynamic resistance. On the daily chart, the 50, 100, and 200-period lines are closely aligned in the 0.0883–0.0885 range, reinforcing the significance of this pivot.

MACD & RSI

The MACD line remained below the signal line throughout the period, with minor crossovers indicating a lack of strong directional bias. The histogram oscillated between positive and negative territory, with no clear trend. RSI fluctuated around 50, indicating a neutral momentum stance without signs of overbought or oversold conditions. Notably, RSI reached 60 twice during the day but failed to sustain the level, hinting at a lack of conviction in upward moves.

Bollinger Bands

Bollinger Bands displayed a moderate contraction during the final 6 hours of the period, with price hovering near the lower band at 0.0877–0.0878, indicating potential oversold conditions. Volatility was relatively low but started to expand as the session progressed, with the upper band reaching as high as 0.0891 and the lower band dipping to 0.0873. Price spent a significant portion of the session within the band, showing a lack of strong momentum either way.

Volume & Turnover

Volume showed a peak of 2.83 million at 19:00 ET, coinciding with a breakout attempt to the high of 0.0891. However, the price failed to hold above 0.0891, and volume subsequently declined. The total turnover was concentrated around the 0.0881–0.0885 range, with no significant divergence between price and volume. This suggests that while momentum was not overwhelming, key price levels were being tested with reasonable liquidity.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing (from 0.0873 to 0.0891), the 38.2% level was at 0.0883 and the 61.8% level at 0.0887. Price tested the 61.8% level around 02:30 ET but failed to break above it, suggesting a possible bearish bias. On the daily chart, the 61.8% retracement level from the prior swing is near 0.0884, aligning with the 50-period moving average and reinforcing its significance as a potential resistance zone.

Backtest Hypothesis

Given the mixed momentum and tight consolidation observed, a potential backtest strategy could focus on breakout trades based on the 50-period moving average and 0.0885 pivot level. A long trade would be triggered on a close above 0.0885, with a stop just below the 0.0877 support. Conversely, a short trade could be initiated on a close below 0.0877, with a stop above 0.0885. The RSI and Bollinger Band indicators would be used to confirm entry signals, ensuring that overbought or oversold conditions are avoided. This strategy would aim to capitalize on the defined range while managing risk through clear stop levels.