Gravity/Tether (GUSDT) Market Overview: Volatility, Oversold RSI, and Divergence

• Gravity/Tether (GUSDT) experienced a 24-hour low of $0.01106 amid bearish pressure and declining volume.
• Price remained below key moving averages, with RSI signaling oversold conditions near 30.
• Volatility expanded during the night session, with a sharp drop to $0.01096 before a rebound.
• Bollinger Bands widened significantly, suggesting heightened uncertainty and potential for sharp swings.
• On-chain data showed divergence between volume and price, hinting at possible short-term consolidation.

Gravity/Tether (GUSDT) opened at $0.01121 at 12:00 ET–1 and traded as high as $0.01126 before closing at $0.01103 by 12:00 ET on 2025-09-21. The 24-hour low was recorded at $0.01096, with total volume reaching 29,869,535.0 and turnover at $330,531.00.

The 15-minute OHLCV data shows a bearish bias with price testing lower support levels repeatedly, particularly in the $0.01105–$0.01110 range. A notable bearish engulfing pattern formed at 02:00 ET, followed by a potential doji at 06:30 ET, signaling indecision and potential reversal. The 20-period and 50-period moving averages on the 15-minute chart remained above the current price, reinforcing the downward trend.

MACD crossed into negative territory after a bearish crossover, and the RSI hit oversold territory near 30, indicating potential for a rebound or consolidation. However, Bollinger Bands displayed a wide range, especially during the overnight hours, reflecting heightened volatility. Price frequently traded near the lower band, suggesting oversold levels could offer short-term buying interest.

Volume and turnover data showed mixed signals: while volume surged during the sharp drop to $0.01096, price failed to follow through on the downward momentum. This divergence suggests market participants may be cautious or uncertain about the direction, increasing the likelihood of a short-term bounce. Notional turnover spiked during the 03:00–04:00 ET window, aligning with a sharp decline to $0.01096.

Fibonacci retracement levels from the recent swing high at $0.01126 to the low at $0.01096 show 38.2% at $0.01113 and 61.8% at $0.01102. Price appears to be finding support at the 61.8% level, suggesting a possible short-term floor. On the daily chart, the 50, 100, and 200-period moving averages continue to trend downward, reinforcing the bearish bias.

The backtesting strategy focuses on oversold RSI conditions (RSI < 30) in conjunction with a bullish divergence in volume. A long entry would be triggered if the RSI breaks above the 30 level while volume increases, and the price forms a hammer or bullish engulfing pattern. Stops would be placed below the 61.8% Fibonacci level at $0.01102, with a target at the 38.2% level of $0.01113. The strategy aims to capture short-term rebounds in a bearish trend, assuming the underlying fundamentals remain unchanged.