Gravity/Tether GUSDT Market Overview

• Gravity/Tether (GUSDT) traded in a tight range early before surging to a 24-hour high near 0.01055 amid growing volume.
• Momentum remained mixed, with RSI showing overbought conditions later in the session and a bullish divergence in the latter half.
• Volatility expanded in the final 8 hours, with price moving 0.25% within Bollinger Bands and volume increasing by 580%.
• A key support level appeared around 0.01031–0.01032, while 0.01046–0.01047 acted as resistance during the recovery.
• Notable candlestick patterns included a bullish engulfing on the 15-minute chart around 19:30–19:45 ET and a bearish hanging man at 23:15–23:30 ET.

Gravity/Tether (GUSDT) opened at 0.01035 on 2025-10-05 at 12:00 ET, reached a high of 0.01058, and closed at 0.01056 by 12:00 ET the next day. The 24-hour total volume was 10,203,280, with a notional turnover of approximately $107,623,000.

Structure & Formations

The price action displayed a series of consolidations followed by a sharp rally, particularly in the 14:00–16:00 ET period, where GUSDT rose from 0.0105 to 0.01058. Key support levels emerged around 0.01031–0.01032 and 0.01025–0.01026, while resistance was noted at 0.01046–0.01047 and 0.01055–0.01056. A bullish engulfing pattern formed around 19:30–19:45 ET, signaling a reversal from bearish to bullish momentum. A bearish hanging man pattern appeared at 23:15–23:30 ET, suggesting potential exhaustion at higher levels.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (20SMA and 50SMA) showed a bullish crossover during the late evening hours, supporting the upward move. The 50-period moving average acted as a dynamic support level during pullbacks. On a daily timeframe, the 50DMA and 200DMA crossed above the 100DMA, suggesting a continuation of the upward trend.

MACD & RSI

The MACD line crossed above the signal line around 19:30 ET, confirming the bullish momentum. RSI reached overbought territory above 70 for the first time in the session during the late afternoon and remained there until the close. A bullish divergence appeared in the last 30 minutes, where price made a higher low but RSI formed a lower low, suggesting a potential reversal to the upside.

Bollinger Bands

Volatility expanded significantly in the final 8 hours, with price moving near the upper Bollinger Band, indicating heightened buying pressure. The bands widened from 0.000015 to 0.000037, showing increased market uncertainty and potential breakout conditions. Price remained within the band range until the last hour, when it touched the upper band, reinforcing the bullish bias.

Volume & Turnover

Volume surged in the late afternoon and evening hours, with the largest spike occurring at 15:30 ET, where it hit 2.2 million, compared to a 24-hour average of 300k. Turnover increased in sync with volume, showing no signs of price-volume divergence. However, the price did not fully close above the high of the 15:30 ET candle, suggesting some indecision.

Fibonacci Retracements

Fibonacci retracement levels from the key 0.01022–0.01058 swing showed that the 0.01041 level (61.8% retracement) was tested and held as support before a final breakout. The 38.2% retracement at 0.01039 acted as resistance earlier in the day, while the 78.6% level at 0.01054 became a pivot point in the final hours. Price action aligned well with these levels, especially during the final push to the high.

Backtest Hypothesis

Using a strategy that combines bullish engulfing candlestick patterns with a bullish crossover on the 20SMA/50SMA and RSI entering overbought territory, a backtest could assess the viability of entering long positions. A trailing stop-loss at the 61.8% Fibonacci level and a take-profit at the 78.6% level could be used to manage risk and capture momentum. The key conditions would include confirmation by volume spikes and MACD divergence to filter out false signals.