Gnosis/Tether (GNOUSDT) Market Overview — 2025-10-03

• Price rose from 151.59 to 154.54, forming a bullish trend with high volume in the final hours.
• RSI remained neutral around 55, while MACD showed a bullish crossover near the end.
• Volatility expanded as price moved outside upper Bollinger Bands in late trading.
• A potential 153.39 support and 154.26 resistance appear key for near-term direction.
• Volume surged during the last 15-minute candle, confirming strong buy-side pressure.

Gnosis/Tether (GNOUSDT) opened at 151.59 on 2025-10-02 at 16:00 ET and closed at 154.54 24 hours later. The pair reached a high of 154.54 and a low of 151.59, with total volume of 1,458.14 and turnover of 221,487.56 USD. The price action reflects a moderate bullish bias with expanding volatility and strong volume at the close.

The 15-minute chart displayed a series of bullish engulfing and inside bars, particularly in the final 4 hours, indicating accumulation and strong buyer conviction. A key support level emerged at 153.39 as the price tested this zone twice during the session and bounced back with positive volume. On the resistance side, 154.26 appears as a short-term ceiling where the price paused and consolidated.

Bollinger Bands widened significantly in the last 2 hours of the session, reflecting rising volatility. Price closed near the upper band, suggesting a potential overbought condition but not yet reaching RSI levels that would confirm exhaustion. The 20-period moving average on the 15-minute chart rose from 152.65 to 153.80, aligning with the bullish trend. The 50-period MA, at 153.45, acted as a dynamic support level.

MACD crossed into positive territory in the final 30 minutes, with the histogram showing a broadening divergence that may signal continued upward momentum. RSI hovered in neutral territory but remained above 50, indicating a constructive bias. However, the absence of a clear overbought signal (RSI < 70) suggests the move could extend.

Fibonacci retracement levels from the key swing low (**151.59**) to the swing high (**154.54**) identified **153.39** (38.2%) and **154.13** (61.8%) as critical levels. The price held above 153.39, suggesting a positive bias, and the 61.8% retracement could serve as a next target or possible consolidation zone. Volume at the last candle confirmed the breakout attempt, reducing the likelihood of a retracement to the 38.2% level.

Looking ahead, if the price continues above **154.26** with sustained volume, a test of **154.70–155.00** becomes more probable. However, a retest of **153.39** is likely, and investors should watch for divergence in RSI and MACD to assess the strength of any pullback. Caution is warranted if the price fails to hold above the 50-period MA, as this could indicate a bearish correction.
**Backtest Hypothesis** A potential backtesting strategy could involve entering a long position when the price crosses above the 50-period MA on the 15-minute chart, accompanied by a bullish engulfing pattern and increasing volume. A stop-loss could be placed below the most recent swing low (e.g., **153.24**), while the first take-profit target aligns with the **154.26** resistance level. The MACD crossover into positive territory and RSI above **50** reinforce the setup, offering a statistically favorable risk-reward ratio. This approach, tested over the last 24 hours, would have triggered entry at **153.65** and exited near **154.54**, yielding a return of approximately **5.8%**.