Aavegotchi/Tether (GHSTUSDT) Market Overview: 24-Hour Analysis

Summary
• Price closed at 0.275, down from 0.276 at the 24-hour open, showing moderate bearish bias.
• Volatility picked up in the early hours of 2025-11-04, with a key low at 0.268 and rebound to 0.279.
• Volume surged in the overnight hours, indicating increased market participation and potential trend development.

Aavegotchi/Tether (GHSTUSDT) opened at 0.276 on 2025-11-03 at 12:00 ET and closed at 0.275 on 2025-11-04 at the same time. The pair reached a high of 0.279 and a low of 0.268 over the 24-hour period. Total volume amounted to 539,320.5, and notional turnover was approximately $146,937.30.

The price action displayed a bearish bias for much of the session, with a clear breakdown below the 0.273 level in the early morning hours. However, a short-lived rebound occurred around 04:30 ET as buyers entered the market, pushing the price back toward 0.279 before consolidation. The 15-minute candles showed a mix of bearish and bullish bodies, with a key bearish engulfing pattern forming between 19:30 and 20:00 ET. This pattern reinforced the bearish sentiment that dominated the session.

Structure & Formations

Support levels appear at 0.268 and 0.271, both of which saw rejection and consolidation over the course of the session. Resistance levels are noted around 0.273 and 0.279, with the latter being a recent high point during the rebound. A notable doji formed at 03:45 ET, suggesting indecision between buyers and sellers at the turning point of the price action. The formation of this doji may indicate a potential reversal or consolidation phase ahead, depending on the volume and momentum in the next session.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key support levels after 19:30 ET, reinforcing the bearish trend. The 50-period line acted as a temporary resistance during the morning rebound. On the daily chart, the 50-period MA sits above the 100- and 200-period lines, indicating a long-term bullish setup that contrasts with the short-term bearish bias.

MACD & RSI

The MACD line remained in negative territory for most of the 24-hour period, with a bearish crossover occurring around 20:00 ET. The histogram showed increasing bearish momentum as the session progressed. While RSI data was not available due to symbol formatting issues, the MACD behavior alone suggests the market is not in overbought territory and may still have room to correct lower. The divergence between the price and the MACD histogram at 03:45 ET hints at a possible consolidation phase or short-term reversal.

Bollinger Bands

Volatility was moderate, with price staying within the Bollinger Bands for the majority of the session. A notable contraction occurred between 02:00 and 04:00 ET, followed by an expansion as the price moved toward the upper band during the rebound. The closing price sits just below the 20-period Bollinger Band midline, indicating that the price may have room to move either up or down in the near term depending on the direction of volume and momentum.

Volume & Turnover

Volume was concentrated in the overnight hours, with a significant spike at 05:45 ET where 40,016.9 units were traded. This high-volume period coincided with a pullback from 0.279 to 0.273, suggesting increased market participation during price uncertainty. Notional turnover was relatively low during the day, with the majority of trading activity occurring after 21:00 ET. The divergence between volume and price action during the rebound may indicate that the rally lacked strong conviction from large participants.

Fibonacci Retracements

Fibonacci retracement levels were applied to the 0.268–0.279 swing. The 38.2% level at 0.274 acted as a temporary support zone, which was tested multiple times. The 61.8% level at 0.271 was also a key support point, where the price consolidated for several hours. These levels could serve as potential pivots for the next 24 hours, with a breakdown below 0.271 potentially opening the door to the 0.268 level and beyond.

Backtest Hypothesis

Given the RSI data unavailability and the lack of a proper symbol format, we propose recalculating the RSI locally using the provided OHLCV data for GHSTUSDT. This would enable a more accurate 5-day backtest of a potential long/short strategy based on RSI overbought (>70) and oversold (<30) levels. We recommend testing a basic RSI mean-reversion strategy over the next five days to evaluate entry and exit signals in the current bearish environment.