Gnosis/Tether (GNOUSDT) Market Overview – 2025-09-19

• Gnosis/Tether declined 5.7% over the past 24 hours amid bearish momentum and increased volatility.
• Key support was tested near 147.46, with a potential bounce or breakdown expected.
• Volume surged in late-night trading, highlighting critical price action in the 146.0–149.0 range.
• RSI and MACD signaled oversold conditions, hinting at a possible short-term rebound.
• Bollinger Band contraction in mid-day ET suggests a potential breakout or breakdown.

Gnosis/Tether (GNOUSDT) opened at $150.24 on 2025-09-18 at 12:00 ET, reached a high of $151.59, and closed at $147.46 on 2025-09-19 at 12:00 ET. Total 24-hour volume was 1,624.47 GNO, with a notional turnover of $249,580.66. The pair exhibited a bearish bias, with price testing key support levels and forming potential reversal patterns.

Structure & Formations

Price action showed a strong bearish bias, with a key support level at $147.46 being tested at the 24-hour close. A notable bearish engulfing pattern formed between 150.86 and 148.63 (00:00–02:30 ET), indicating a shift in sentiment. A doji near 148.33 (09:45–10:00 ET) suggested indecision. Resistance levels at 149.53 and 150.41 were repeatedly rejected, reinforcing the bearish pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages formed a bearish crossover, with the 50-line above the 20-line, signaling continued downward bias. On a daily timeframe, the 50-day MA sits at $149.60, the 100-day at $150.15, and the 200-day at $150.85, all suggesting a strong bearish alignment.

MACD & RSI

MACD showed a bearish crossover into negative territory, with a histogram diverging from price action between 02:00 and 06:00 ET. RSI dipped into the oversold zone (below 30) at 15:00–16:00 ET, hinting at potential short-term buying pressure. However, weak divergence between RSI and price suggests a potential breakdown below 147.46.

Bollinger Bands

Volatility expanded as price moved between 146.17 and 148.33 (15:15–15:45 ET), with Bollinger Bands widening. At the 24-hour close, price sat near the lower band at 147.46, indicating possible exhaustion. A contraction in the middle of the period (13:00–14:00 ET) suggests a possible breakout or breakdown in the near term.

Volume & Turnover

Volume spiked during the late-night to early-morning session (00:00–05:00 ET), with significant turnover in the $148.0–149.0 range. Price and turnover moved in sync during this period, confirming the bearish trend. Divergence between volume and price appeared near 148.33 (09:45–10:00 ET), suggesting potential consolidation or reversal.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing high of 151.59 and low of 147.46, key levels at 38.2% ($149.23) and 61.8% ($148.03) were tested. On a daily chart, the 61.8% retracement of the larger move from 151.44 to 147.46 sits at $148.66, a level that failed to hold. This reinforces the bearish outlook.

Backtest Hypothesis

A potential backtesting strategy could be to enter short positions on a close below 148.33 with a stop-loss above the 150.12–150.41 resistance zone and a target at 146.60. This setup aligns with the bearish engulfing pattern and the recent rejection of key resistance levels. A confirmation of breakdown through 147.46 could provide a stronger signal for a follow-through move lower. Traders may also consider using RSI divergence and Bollinger Band expansion as entry filters to improve strategy robustness.