GMT/Tether Market Overview – 2025-10-19

• GMTUSDT traded in a narrow range for most of the 24 hours, with a final push higher near 16:00 ET.
• Price found support at 0.02682 and tested key resistance at 0.02715 and 0.02749–0.02762 multiple times.
• Final candle closed at 0.02765, up from the early morning low of 0.02682, signaling a breakout attempt.
• Volatility increased in the afternoon, with the largest 15-minute volume spike at 10:00 ET (0.02749).
• Turnover diverged from price at 03:30–04:00 ET, hinting at potential accumulation before the late-day rally.

GMT/Tether (GMTUSDT) opened the 24-hour period at 0.02679 and reached a high of 0.02776 before settling at 0.02765 at the close. The low during the session was 0.02666. Over the past 24 hours, the pair saw a total volume of 11,573,011.2 and a total turnover of 310,996.5 USD, with the most active trading periods occurring from 10:00 to 11:00 ET and again from 15:00 to 16:00 ET.

The price action has been characterized by a consolidation phase followed by a late-day breakout attempt. Key support levels were tested around 0.02682 and 0.02692, with a successful bounce off these levels suggesting short-term bullish momentum. The final rally, particularly from 14:30 to 16:00 ET, pushed price above the 0.0275–0.0276 range, breaking through a prior resistance cluster. The 20-period and 50-period moving averages on the 15-minute chart have both been trending upward, supporting the breakout with a positive bias.

The RSI is in neutral territory around 55–60, indicating neither overbought nor oversold conditions. The MACD is rising and currently above the signal line, suggesting strengthening bullish momentum. The Bollinger Bands have been widening since 10:00 ET, confirming a period of increased volatility and price discovery. Price has spent much of the day within the bands but has now closed just outside the upper band, reinforcing the breakout narrative.

Fibonacci retracement levels based on the 0.02666–0.02776 swing suggest that the 61.8% level (~0.02735) has acted as a key pivot, with the price continuing higher after testing it multiple times. On the 15-minute chart, the 38.2% retracement (~0.02715) and the 61.8% level are now acting as dynamic support and resistance. A break above 0.02776 could aim for 0.02812, while a pullback to 0.02721–0.02713 may offer a re-entry opportunity on the long side.