Gravity/Tether (GUSDT) Market Overview – 2025-10-03

• Gravity/Tether (GUSDT) rose from 0.01024 to 0.01057 in 24 hours, closing higher than open.
• Price formed a bullish engulfing pattern near 0.01035–0.01041 before a late push toward 0.01058.
• Volatility spiked during the 19:00–20:00 ET rally with above-average notional turnover.
• RSI showed signs of overbought conditions, while MACD crossed into positive territory mid-day.
• A key support level appears near 0.01034–0.01036; resistance is forming at 0.0105–0.01055.

Gravity/Tether (GUSDT) opened at 0.01024 on 2025-10-02 at 12:00 ET and closed at 0.01057 on 2025-10-03 at 12:00 ET, with a high of 0.01058 and a low of 0.01024. Total 24-hour volume was 14,538,000.0, and notional turnover was approximately 148,454.40 (calculated from volume × price).

Over the 24-hour period, GUSDT showed a clear bullish bias after midday on the 2nd. A strong reversal was seen at 19:15–19:45 ET, with the price forming a bullish flag pattern followed by a breakout above 0.01046–0.01049. This was supported by a sharp increase in volume and a rising RSI above 50.

Bollinger Bands revealed a period of low volatility between 16:00–18:00 ET before a sharp expansion after 19:15 ET. Price remained above the 20-period moving average for most of the day and crossed above the 50-period line during the final 6 hours. The 50-period MA acted as a dynamic support, confirming the strength of the move higher.

The 61.8% Fibonacci retracement level from the 0.01024–0.01058 swing came in at 0.01043, which was briefly tested and rejected before the final push. The RSI hit overbought territory near 65–68, and the MACD remained positive with a narrowing histogram, suggesting momentum may be slowing. Investors should monitor the 0.01055–0.01058 resistance zone for confirmation of a sustained breakout or potential pullback.

Looking ahead, GUSDT may face a test of its upper Bollinger Band and Fibonacci level at 0.01055–0.01058 over the next 24 hours. A close above 0.01058 could signal a new bullish trend, while a failure to hold above 0.01043–0.01046 may trigger a retest of key support at 0.01034–0.01036. Divergences in volume and RSI will be key to watch for signs of exhaustion or continuation.

Backtest Hypothesis
The backtesting strategy suggests entering long positions when GUSDT closes above its 50-period moving average and the RSI crosses above 50, with a stop-loss placed at the 20-period moving average. Over the observed 24-hour period, this condition was met at 19:30 ET, with volume confirmation. A target of 0.01055 aligns with the Fibonacci 61.8% level and Bollinger Band expansion. This approach assumes a continuation of bullish momentum and may not perform well in a bearish reversal scenario without additional confirmation.