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Summary
• Gravity/Tether (GUSDT) formed a bearish engulfing pattern after a sharp pullback from 0.00463.
• 24-hour volume surged to 7.3M, but turnover lagged amid declining prices.
• RSI is in oversold territory at 28, suggesting potential for short-term bounce.
• Bollinger Bands show low volatility in the final 8 hours of the period.
Gravity/Tether (GUSDT) opened at 0.00456 on 2025-12-30 12:00 ET, hit a high of 0.00463, and closed at 0.00428 by 2025-12-31 12:00 ET. The 24-hour volume reached 7.3 million, with a total turnover of $31,394.84.
Structure and Key Levels
The pair formed a bearish engulfing pattern after a brief rally to 0.00463, which failed to hold above 0.0046. A descending triangle is forming on the 5-minute chart, with key support at 0.00445–0.00443 and resistance near 0.00456–0.00458. A doji appeared at the session low, hinting at potential exhaustion in the downward move.
Technical Indicators
The 20-period and 50-period moving averages on the 5-minute chart crossed bearishly, confirming the downtrend. RSI is in oversold territory at ~28, suggesting a potential bounce near 0.00435. MACD is negative with a narrowing histogram, indicating weakening bearish momentum.
Volatility and Volume
Bollinger Bands tightened significantly during the final 8 hours, pointing to low volatility. Price closed near the lower band, a classic sign of potential reversal. Despite high volume in the final hour, the notional turnover did not confirm the price decline, hinting at possible short-covering or fading of bearish bias.
Fibonacci Retracements
A 5-minute swing from 0.00458 to 0.00425 shows a 61.8% retracement at 0.00439–0.00440, where the price found some support. On the daily chart, the pair appears to be testing the 38.2% retracement level at 0.00441–0.00442, offering a potential pivot for near-term buyers.
Gravity/Tether may test 0.00435–0.00436 for support in the next 24 hours, with a potential bounce if RSI shows divergence. Traders should monitor the 0.00456 level for a possible breakdown confirmation. However, low volatility and fading volume suggest caution, as the market could consolidate before resuming any directional move.
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