Gitcoin/Tether (GTCUSDT) Market Overview for 2025-09-18

• Gitcoin/Tether (GTCUSDT) rallied from 0.343 to a high of 0.366 before consolidating near 0.362
• Strong volume spikes confirmed key moves during the 20:45–21:00 ET and 07:45–08:30 ET sessions
• RSI suggests overbought conditions at 0.366, while Bollinger Bands show volatility expansion
• Price tested multiple 15-min resistance levels, including 0.355–0.360 and 0.365
• Fibonacci retracement levels at 0.363 and 0.358 are critical for near-term direction

Price and Volume Summary

Gitcoin/Tether (GTCUSDT) opened at 0.343 on 2025-09-17 at 12:00 ET, reaching a high of 0.366 and a low of 0.341 before closing at 0.362 on 2025-09-18 at 12:00 ET. The 24-hour trading volume totaled approximately 2.76 million contracts, with a notional turnover of roughly $985,000. The pair demonstrated strong upward momentum, especially in the 19:00–21:00 ET and 07:45–09:00 ET windows.

Structure & Formations

The 15-minute chart showed multiple key resistance levels tested and broken, including 0.355–0.360 and 0.365. A strong bullish engulfing pattern emerged around 0.355–0.361 during the early morning hours, which coincided with heavy volume. A doji at 0.366 around 19:45 ET suggested indecision among traders at the high of the day. The price found strong support at 0.341 in the afternoon, with a bullish reversal forming there.

Moving Averages and Momentum

On the 15-minute chart, the 20SMA crossed above the 50SMA (a golden cross) during the 07:45–09:00 ET window, indicating a shift toward bullish momentum. The 50SMA sat at approximately 0.360 at the end of the period, suggesting that current levels are comfortably above key trend support. The MACD showed a strong positive divergence, with a histogram peaking during the 07:45–08:30 ET window, reinforcing the bullish narrative. RSI hit overbought territory at 75, particularly around the 0.366 level, indicating a potential pullback.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly as the price moved from 0.341 to 0.366, with the upper band peaking at 0.367. The price remained within the bands for most of the session, but the lower band acted as support at 0.341 and 0.345. The volatility contraction seen before the 19:00 ET breakout suggests a breakout scenario was likely. As of the 09:00 ET close, the price was trading just below the upper band, indicating heightened momentum and potential continuation.

Volume and Turnover

Volume surged during the 20:45–21:00 ET and 07:45–08:30 ET windows, with the former seeing over 937,732 contracts traded at the high of the day and the latter reaching over 807,714 contracts around the 0.360 level. Notional turnover also spiked during these periods, with the 20:45–21:00 ET window showing the most aggressive buying. There were no significant divergences between price and volume, suggesting that bullish momentum is still intact. The 09:00–09:30 ET volume suggests continued consolidation, with mixed signals emerging as the price approached the upper Bollinger Band.

Fibonacci Retracements

Applying Fibonacci retracement to the key 15-minute swing (0.341–0.366), the 38.2% level at 0.356 and the 61.8% level at 0.353 became significant support zones. The price held above both during the afternoon and early morning, with the 0.363 level (78.6%) acting as a critical area for further consolidation. For the daily timeframe, the 38.2% level of the previous day’s swing sits at 0.358, and the 61.8% level at 0.346, suggesting a possible retest of the 0.346 level if the current rally falters.

Backtest Hypothesis

The backtesting strategy outlined focuses on a breakout system that triggers a long entry when price closes above the upper Bollinger Band and RSI is above 55, with a stop-loss placed just below the 50SMA. This approach aligns with the current setup, as GTCUSDT closed near the upper Bollinger Band and RSI was above 60 during the key bullish move. The 50SMA currently sits at ~0.360, offering a potential exit or stop-loss level if the trend shows signs of reversing. Given the current conditions, this strategy could have captured most of the move from 0.341 to 0.366 with minimal false signals.