Gravity/Tether (GUSDT) Market Overview: Volatile 24-Hour Range with Key Support Revisited

• Gravity/Tether (GUSDT) traded in a volatile 24-hour range, dipping to 0.00977 before closing near 0.00988, signaling mixed sentiment.
• A key support level appears to form around 0.00980–0.00982, with strong bearish momentum in early ET hours.
• Volatility expanded during the night, with Bollinger Bands widening and volume surging above 500,000 in the 08:00–10:00 ET timeframe.
• A bullish reversal pattern emerged near 0.00983–0.00985 late in the day, potentially signaling a near-term bottom.
• RSI dipped into oversold territory at 29, suggesting a possible short-term bounce, but bearish divergence in price and volume remains a risk.

Gravity/Tether (GUSDT) opened at 0.01001 on 2025-09-27 12:00 ET and closed at 0.00988 on 2025-09-28 12:00 ET, with a high of 0.01008 and low of 0.00977. Total volume reached 8,391,187.0 and notional turnover amounted to approximately 82.127 (in Tether equivalent), reflecting significant activity across the day-night cycle. The pair showed bearish pressure in the early hours, followed by a late-day rally.

Structure & Formations

The 24-hour OHLCV data reveals a classic V-shaped recovery pattern in the final 6 hours of the period, with price testing and holding above 0.00980 after a sharp drop to 0.00977. Key support levels formed around 0.00980–0.00982 and 0.00977–0.00979, while 0.00995–0.00997 and 0.01001–0.01004 acted as resistance. A bullish engulfing pattern emerged between 05:15–05:45 ET, with price closing at 0.00995–0.00996. A bearish harami pattern was seen between 19:30–20:15 ET, followed by a large bearish candle breaking below 0.00995.

Moving Averages

On the 15-minute chart, price spent the majority of the period below the 20- and 50-period moving averages, confirming the bearish bias. A potential crossover from below 20MA to above it occurred in the final hour of the period. On the daily chart, the 50-period MA is at ~0.00990, with 100MA and 200MA at ~0.00988 and ~0.00985, respectively, suggesting short-term support is still intact.

MACD & RSI

MACD showed a bearish divergence in the early hours, with price falling faster than the indicator, but a bullish crossover occurred around 04:00–05:00 ET. RSI hit an intraday low of 29, entering oversold territory and suggesting a possible bounce. However, volume remained muted during the recovery, indicating limited conviction in the bullish move.

Bollinger Bands

Volatility spiked during the early morning, with Bollinger Bands widening significantly. Price remained within the bands for much of the session but tested the lower band near 0.00977. A retest of the lower band in the final hour saw a strong rejection, indicating potential for a short-term rebound.

Volume & Turnover

Volume surged above 500,000 between 08:00–10:00 ET, coinciding with a drop to 0.00982–0.00985. The late-day recovery saw a sharp drop in volume, raising questions about the sustainability of the bullish move. The highest notional turnover occurred between 04:30–05:15 ET, aligning with a key reversal pattern.

Fibonacci Retracements

A key Fibonacci level of 61.8% (~0.00989) acted as support in the final hour, with price rebounding from this level and closing slightly above. The 38.2% level (~0.00993) held as resistance in the earlier part of the day, and the 50% level (~0.00995) also saw multiple rejections.

Backtest Hypothesis

A backtest strategy involving a long entry at the 61.8% Fibonacci retracement level (0.00989) with a stop loss 1.5% below and a take profit at the 38.2% level (0.00993) could be considered for a short-term trade. The late-day formation suggests a potential continuation of the bullish trend, though volume weakness raises concerns about the strength of the move.