Market Overview for Gravity/Tether (GUSDT): 24-Hour Analysis as of 2025-10-14

• Gravity/Tether (GUSDT) declined by 0.00014 (1.7%) over the 24-hour period, closing at 0.0079 at 12:00 ET.
• The pair tested resistance near 0.00818 but failed to hold, suggesting bearish pressure.
• Volatility expanded during the overnight session as price dropped below 0.00805.
• On-balance volume showed divergence with price, hinting at weak conviction.
• RSI moved into oversold territory below 30, potentially indicating a near-term bounce.

Gravity/Tether (GUSDT) opened at 0.0081 on October 13 at 12:00 ET and traded as high as 0.00836 before closing at 0.0079 at 12:00 ET on October 14. The 24-hour period recorded a volume of 118,888,415.0 and a turnover of 941.34. A broad selloff emerged after 8:00 PM ET, with price dropping below the 0.0081 psychological level.

Structure & Formations

Price formed a bearish engulfing pattern around 0.00826–0.00823, followed by a deep red candle at 0.00809–0.00809. Key resistance appears at 0.00818, where the price had struggled earlier in the session. A short-term support level is now forming near 0.00793, with a potential deeper support at 0.00786 if the downward move continues.

Moving Averages

The 15-minute 20-period MA crossed below the 50-period MA, forming a bearish death cross. On the daily chart, the 50- and 100-period MAs are converging at 0.00796–0.00801, suggesting a critical test of trend direction could be near if the current swing continues.

MACD & RSI

MACD turned negative during the selloff, confirming bearish momentum. RSI dipped below 30 into oversold territory, signaling potential for a countertrend bounce. However, the divergence between volume and price action during the drop suggests that any rebound may lack strength.

Bollinger Bands

Bollinger Bands expanded after 10:00 PM ET as the price broke lower. Price has since been hovering near the lower band (0.00793) with no immediate sign of mean reversion. A sustained close below 0.0079 would suggest a new volatility regime.

Volume & Turnover

Volume surged to over 8 million at 7:00 AM ET as the price dropped past 0.00805. However, subsequent selloffs were supported by declining volume, indicating fading bearish conviction. Turnover also dipped during the morning, hinting at potential exhaustion in the downward move.

Fibonacci Retracements

Recent 15-minute swings show price correcting to the 61.8% level at 0.00809. Daily Fibonacci levels suggest key support at 0.00794 (38.2%) and 0.00775 (61.8%). A break below 0.00775 could open the door for a deeper correction.

Backtest Hypothesis

For the Gravity/Tether (GUSDT) pair, a backtest strategy using RSI-based signals could be tested with the following parameters:
- RSI Thresholds: Oversold at 30, overbought at 70.
- Entry Rules: Buy when RSI closes below 30 and price closes above the 20-period MA. Sell when RSI closes above 70 or price breaks below the 50-period MA.
- Risk Control: Stop-loss set at 2% below entry price, take-profit at 2% above entry. Max holding period of 3 days.
This strategy would help assess if the current oversold condition could lead to a meaningful bounce, while managing risk in a volatile market like GUSDT.