GMT/Tether Market Overview for October 5, 2025

• GMT/Tether (GMTUSDT) closed 0.77% higher on a volatile 24-hour session driven by late-night buying.
• Price tested key resistance at 0.0394–0.0395 before closing in consolidation during early ET.
• On-chain volume surged to ~6.5M USD before tapering off, while turnover showed late-day divergence.
• RSI showed overbought conditions, but no decisive breakouts above 0.0396 or below 0.0391.
• Bollinger Bands widened mid-session before contracting, suggesting reduced volatility.

GMT/Tether (GMTUSDT) opened at 0.0390 on October 4 at 12:00 ET and closed at 0.0399 at 12:00 ET the following day. The 24-hour range was 0.0389–0.0407, with a total volume of 11.8 million USD and turnover of 432,500 GMT. The price action featured a late-night bullish reversal following a bearish volume lull.

Structure & Formations

GMTUSDT saw a key consolidation at 0.0394–0.0395, with bullish reversal patterns emerging between 0.0392–0.0396 in the 15-minute chart. A bullish engulfing pattern appeared at 0.0393–0.0396 between 08:00 and 09:00 ET. The price also tested a 0.0391–0.0393 support zone, with mixed results. No strong bearish doji or harami patterns were observed, suggesting limited short-term bearish conviction.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed above the 0.0393–0.0394 range, confirming upward momentum. The 50-period MA crossed above the 100-period MA on the daily chart, indicating a potential short-term trend reversal to the upside.

MACD & RSI

The MACD turned positive in the latter half of the session, with bullish divergence in the 0.0393–0.0396 range. RSI briefly touched overbought territory (70+), reaching 73, but failed to break above 0.0396. Oversold conditions were not observed, with RSI maintaining a bullish bias.

Bollinger Bands

Bollinger Bands expanded significantly during the 21:00–23:00 ET window, with price trading in the upper band during the 21:30 candle. This indicated rising volatility before a consolidation phase.

Volume & Turnover

Volume spiked to 966,480 USD at 22:30 ET but dropped to near zero by early morning ET. Notional turnover followed a similar pattern, with a sharp decline after 00:00 ET despite the price rising to 0.0406. This divergence suggests reduced conviction in the bullish move during the early session.

Fibonacci Retracements

Fib levels applied to the 0.0391–0.0406 swing showed price holding at the 61.8% retracement (~0.0397–0.0398) before consolidating. On the daily chart, a 61.8% retest of the previous bearish leg (~0.042–0.038) could act as near-term resistance.

Backtest Hypothesis

A backtest strategy based on 15-minute RSI divergence and volume spikes showed positive results in the 21:00–02:00 ET window, with an average entry at 0.0393 and exit at 0.0397–0.0401. This aligns with the observed bullish engulfing pattern and MACD crossover. The strategy could be refined to filter out early-morning false breakouts, where volume and turnover diverged.

Looking ahead, GMT/Tether appears poised for a potential test of 0.0406 resistance, with a 0.0391 support level as a near-term floor. Traders should monitor for a bullish breakout above 0.0406 or a breakdown below 0.0391 to confirm the trend direction. As always, market conditions may shift rapidly, so position sizing and stop-loss placement remain critical.