Gravity/Tether (GUSDT) Market Overview: 24-Hour Breakdown as of 2025-10-08

• Gravity/Tether (GUSDT) dropped below 0.01 during the session, failing to hold key resistance levels.
• A bearish divergence formed on RSI with price, suggesting weakening momentum.
• Volatility increased in the late ET hours, but volume failed to confirm directional strength.
• Bollinger Bands expanded in the final 6 hours, indicating rising uncertainty.
• Key 15-minute Fibonacci levels (0.00993, 0.00985) were repeatedly tested and broken.

Gravity/Tether (GUSDT) opened at 0.01005 on 2025-10-07 12:00 ET and closed at 0.00985 by 2025-10-08 12:00 ET, with a daily high of 0.01015 and low of 0.00973. Total volume reached 66,400,442.0 units, and notional turnover totaled ~$660,404. The pair spent much of the session below critical psychological and Fibonacci levels, signaling bearish pressure.

Structure & Formations

Price action over the 24-hour period formed a clear bearish structure with several failed attempts to retest and hold above 0.01. Notable bearish engulfing patterns occurred around 0.01003 and 0.01001 in the late ET hours, confirming a shift in momentum. A long lower wick formed during the overnight session, indicating rejection at 0.00993–0.00989. These patterns suggest that short-term buyers are struggling to defend key support levels.

Moving Averages & MACD

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly, with the 20 MA now below the 50 MA (a death cross). The MACD line showed a bearish crossover below the signal line in the early morning, with negative divergence forming in the last 6 hours. The histogram has been shrinking, signaling that bearish momentum may be running out of steam, but for now, the trend remains intact.

RSI & Bollinger Bands

The RSI indicator dipped into oversold territory below 30 during the early morning hours, failing to rebound above the 50 level. This points to a lack of conviction in the current bearish trend. Bollinger Bands widened significantly after 0.00993 was broken, reflecting increased volatility and uncertainty in the market. Price has since remained near the lower band, indicating potential for a retest of key Fibonacci levels in the near term.

Volume & Turnover

Trading volume spiked during the overnight session, peaking at 6,752,700.0 units when the price broke below 0.00993. However, notional turnover remained relatively muted, suggesting that large traders may not be significantly involved. A bearish divergence appears in the volume profile, as price continues to fall without accompanying volume, which may hint at a possible near-term pause in the downtrend.

Fibonacci Retracements

Key Fibonacci levels drawn from the recent 0.01015–0.00985 swing indicate 38.2% at 0.00999 and 61.8% at 0.00987, both of which were tested and rejected. The 0.00985 level now acts as a critical support cluster. If this level fails to hold, the next Fibonacci target is around 0.00973. A retest of 0.00987 is expected in the next 24 hours.

Backtest Hypothesis

Given the recent bearish divergence and overbought RSI conditions, a potential short-biased strategy could be to enter at the 0.00987 Fibonacci level with a stop above 0.00993. A target of 0.00973 would provide a risk-reward ratio of approximately 1:1.5. If a retest of 0.00993 occurs without a break above it, this could confirm bearish continuation. A backtest would need to incorporate a trailing stop to manage risk during potential countertrend rallies.