GMT/Tether (GMTUSDT) Market Overview for 2025-09-18

• GMTUSDT rose 0.92% over the last 24 hours, with a low of $0.0412 and a high of $0.0441.
• Strong bullish momentum emerged after 19:45 ET, marked by a sharp 0.72% rally on high volume.
• Bollinger Bands expanded significantly between 20:30–21:30 ET, suggesting a potential breakout.
• RSI reached overbought territory (65–70) by 03:00 ET, but price action remained bullish into the close.
• Turnover spiked 14.5× between 23:15–00:15 ET as price tested key resistance levels near $0.0437.

GMT/Tether (GMTUSDT) opened at $0.0414 on 2025-09-17 at 12:00 ET and closed at $0.0432 by 12:00 ET on 2025-09-18. The pair reached a high of $0.0441 and a low of $0.0412. Total volume over the 24-hour period was 22.6 million units, while notional turnover amounted to approximately $974,443. The price closed near the upper Bollinger Band and above the 50-period moving average, indicating continued bullish pressure.

Structure & Formations

GMTUSDT displayed several key structures throughout the 24-hour period. A strong bullish engulfing pattern formed between 23:15–23:30 ET as price surged from $0.0437 to $0.0439. Later, a bearish divergence emerged in the 05:15–05:45 ET window with a small bearish harami at $0.0437. Notably, a multi-legged bullish flag pattern formed from 19:45–04:30 ET as price retested support levels at $0.0436 and $0.0435 with diminishing bearish volume.

Moving Averages

The 15-minute 20-period MA sat at $0.0434 and the 50-period MA at $0.0433 by the close, suggesting a continuation of the bullish trend. On the daily chart, the 50-period MA crossed above the 200-period MA, a classic “Golden Cross” that historically has signaled a long-term bullish trend. The 100-period MA currently sits at $0.0431, offering a potential support zone for near-term consolidation.

MACD & RSI

The MACD histogram remained positive for over 12 hours, with a sharp surge in bullish momentum after 19:45 ET. RSI reached overbought territory (67–72) during the 03:00–03:45 ET window but remained elevated for much of the day, suggesting strong conviction in the upward move. A slight bearish divergence in the 05:15–06:30 ET period may indicate a potential pause or correction in the short term.

Bollinger Bands

Volatility spiked significantly between 20:30–21:30 ET, with the Bollinger Bands expanding to 0.00029 in width. Price traded near the upper band for much of the night, particularly from 01:00–04:30 ET. This suggests strong buying pressure and a potential breakout scenario. By 05:00 ET, the bands began to contract slightly, indicating a possible consolidation phase ahead.

Volume & Turnover

Volume surged by 38.3% in the 23:15–00:15 ET window, coinciding with a test of the $0.0437 level. Notional turnover peaked at $24,846 during that period. A bearish divergence appeared in the 05:15–06:30 ET session, as volume declined while price dipped to $0.0432. This suggests weakening short-term momentum and a potential pullback.

Fibonacci Retracements

Applying Fibonacci to the recent 0.72% rally from $0.0414 to $0.0437, the 61.8% retracement level lies at $0.0429, while the 38.2% level is at $0.0427. Price has remained above the 61.8% level since 03:45 ET, suggesting strong support. On the daily chart, the 50% retracement of the broader move from $0.0411 to $0.0441 sits at $0.0426, a level that has been tested and held multiple times.

Backtest Hypothesis

A potential strategy to backtest involves entering long positions when GMTUSDT closes above the 50-period moving average on the 15-minute chart, with a stop-loss placed just below the most recent swing low. This aligns with the observed bullish momentum and key moving average crossovers. A take-profit target could be set at the 61.8% Fibonacci level of the recent rally ($0.0430), with additional profit locks at the 78.6% level if bullish momentum continues. This setup has shown strong confirmation over the past 24 hours and may be worth evaluating for future intraday strategies.