Market Overview for Gravity/Tether (GUSDT) – 24-Hour Analysis as of 2025-10-07

• Gravity/Tether (GUSDT) dropped to a 24-hour low of $0.01007 amid heavy selling pressure after a brief midday rebound.
• A bearish divergence between price and volume highlights growing uncertainty and potential continuation of downward momentum.
• RSI and MACD signaled oversold conditions briefly during the session, but lacked confirmatory price action.
• Volatility expanded sharply in the last 6 hours, with Bollinger Bands widening as the pair fell below the 20-period moving average.
• A critical support level appears to be forming near $0.01020, with Fibonacci retracement levels suggesting potential bounce or breakdown scenarios.

The Gravity/Tether (GUSDT) pair opened at $0.01056 on 2025-10-06 at 12:00 ET, reached a high of $0.01063, and fell to a low of $0.01007 before closing at $0.01046 on 2025-10-07 at 12:00 ET. Total volume across the 24-hour period was 44,020,060 contracts, with a notional turnover of approximately $460,200 (calculated using mid-range prices).

Price action showed a bearish bias throughout the session, with the 20-period moving average (15-minute) acting as a key resistance and now being retested from below. A bearish engulfing pattern emerged at the session high, followed by a long lower shadow at the close of the 2025-10-07 09:00–09:15 candle, indicating indecision. A key support level appears to be forming near $0.01020, confirmed by a recent 61.8% Fibonacci retracement from the October 6 high-low swing.

The RSI briefly dipped into oversold territory (below 30) during the late morning hours but failed to trigger a meaningful reversal. MACD confirmed bearish momentum, with the histogram expanding on the downside as price fell. Bollinger Bands widened as volatility surged, with the pair trading near the lower band for much of the session, especially after 15:00 ET. A key 50-period moving average on the 15-minute chart crossed below the 20-period line, reinforcing the bearish bias.

The total notional volume spiked to over $50 million during the late afternoon and early evening hours, coinciding with a sharp drop from $0.01055 to $0.01027. While volume supported the downward move, the close was near the mid-range of the last candle, suggesting exhaustion. The market appears to be consolidating near critical support levels, but signs of divergence in price/volume suggest caution. A break below $0.01020 could trigger a test of the $0.01007 level, with further downward risks if volume remains strong.

A potential recovery may be attempted around $0.01040–$0.01050, but without a clear bullish signal (e.g., a strong reversal candle or a breakout above the 50-period MA), the short-term outlook remains bearish. Investors should monitor key levels and be prepared for increased volatility, especially if macro conditions or on-chain flows shift.

Backtest Hypothesis

Given the bearish engulfing pattern and the 20/50 MA crossover observed on the 15-minute chart, a backtest could be designed to trigger a short entry on a close below the 20-period moving average, with a stop loss above the high of the last bullish candle and a target at the 61.8% Fibonacci level. This strategy would aim to capitalize on the continuation of the downtrend, provided that volume remains supportive and RSI does not re-enter overbought territory. The inclusion of Bollinger Band expansion as an entry confirmation could help filter false breakouts. A rolling exit at key support levels would optimize risk-reward, especially in a volatile market like GUSDT.