Market Overview for The Graph/Tether USDt (GRTUSDT)

• Price action shows a bullish consolidation near 0.0886–0.0889 with key support at 0.0877–0.0881.
• RSI and MACD indicate a moderate uptrend with no overbought signals.
• Volatility remains elevated but stabilizing after midday ET, with volume peaking around 0.0881.
• Bollinger Bands suggest price is within expected range; no extreme expansion or contraction noted.
• Fibonacci retracement levels show potential resistance at 0.0886–0.0890 and support near 0.0879–0.0883.

The Graph/Tether USDt (GRTUSDT) opened at 0.0883 on 2025-09-05 12:00 ET, reached a high of 0.0891, and a low of 0.0876, closing at 0.0878 on 2025-09-06 12:00 ET. Total volume for the 24-hour window was 10,133,960 and total turnover (notional value) was ~$874,200.

Structure & Formations

The price action formed a bullish pennant pattern around 0.0886–0.0889 between 05:00–08:00 ET, followed by a consolidation phase that saw a rejection at the upper boundary. A bearish harami pattern appeared around 03:45–04:00 ET as price retested key support at 0.0881, but buyers intervened to stabilize the move. Key support levels include 0.0877–0.0881, while resistance is forming near 0.0886–0.0889.

A doji appeared at 02:15 ET, signaling indecision at the 0.0886 level, and a small bullish engulfing pattern formed at 10:45–11:00 ET, showing re-entry of buyers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with price trading above both lines, suggesting bullish momentum. On the daily chart, the 50- and 100-period MAs are converging, but the 200-period MA remains a key reference level.

Price is currently hovering around the 20-period MA on the 15-minute chart, indicating a potential continuation of the bullish trend if it holds above 0.0881.

MACD & RSI

The MACD remained positive throughout the day with a slight bearish divergence forming in the latter half of the session as price declined but the histogram held steady. RSI climbed to 56 during the midday rally, then declined to 48, indicating balanced market sentiment with no overbought or oversold signals.

The RSI is currently in neutral territory, suggesting the market is neither overbought nor oversold, with room for further movement in either direction.

Bollinger Bands

Price has remained within the Bollinger Band range for the majority of the 24-hour period, with a slight volatility expansion occurring during the midday rally. The bands have since narrowed again, suggesting a period of consolidation ahead.

The 20-period Bollinger Band is currently centered at 0.0883, and price is sitting near the upper band, signaling a potential short-term resistance level.

Volume & Turnover

Volume spiked to 2.83 million at 19:00 ET, coinciding with a rally to the 0.0886 level. Notional turnover spiked to ~$252,000 during this time. Volume has since declined to average levels, indicating a possible exhaustion in the rally.

A divergence between price and volume was observed during the 02:30–03:30 ET window, where price declined but volume increased slightly. This suggests bearish activity but without overwhelming conviction.

Fibonacci Retracements

On the 15-minute chart, the key Fibonacci levels include 0.0879 (38.2%), 0.0883 (50%), and 0.0886 (61.8%) as significant retracement levels. Price has shown resistance at the 61.8% level in the latter part of the day, suggesting potential continuation to 0.0881–0.0883 if it breaks through.

On a broader daily chart, the 61.8% retracement from the 0.0876–0.0891 swing is at 0.0885, which aligns with recent consolidation levels.

Backtest Hypothesis

A potential backtesting strategy could involve a long entry at a breakout above the 0.0886 resistance level with a stop-loss placed below 0.0879. The target could be set at the next Fibonacci level at 0.0889 or the upper Bollinger Band. Given the current MACD and RSI alignment, this setup could offer a favorable risk/reward profile, particularly if volume confirms the breakout.