Gravity/Tether Market Overview for 2025-11-10

Summary
• Price drifted within a tight range between 0.00676 and 0.00696 with no clear directional bias.
• Volume remained steady throughout, with no abnormal spikes.
• RSI suggests neutral momentum, indicating indecision between buyers and sellers.

Opening Narrative

Gravity/Tether (GUSDT) opened at 0.00692 on 2025-11-09 at 12:00 ET and traded between 0.00676 and 0.00696 before closing at 0.00678 on 2025-11-10 at 12:00 ET. Total volume reached 20,918,580.0 units, with notional turnover at $144,284.53 over 24 hours.

Structure & Formations

Over the past 24 hours, GUSDT has shown a rangebound structure between key psychological levels of 0.00676 (support) and 0.00696 (resistance). A couple of bearish candlestick formations emerged, such as the dark cloud cover and the bearish engulfing patterns, especially during the 18:30–19:30 ET window. A long lower shadow at 0.00683 suggested buyers attempted to push the price higher, but bears reclaimed control shortly after. No clear reversal doji formed, which suggests the market remains indecisive.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, indicating a flat trend. The price has oscillated slightly above and below both lines without showing a distinct bias. On the daily chart, the 50- and 200-period moving averages are still aligned, suggesting a continuation of a neutral trend.

MACD & RSI

The MACD line has hovered near the signal line without a strong crossover, while the histogram has oscillated slightly around zero, indicating no significant directional momentum. RSI remains in the neutral range (40–60), showing that the market has neither overbought nor oversold characteristics. A minor bearish divergence was observed during the 21:00–23:00 ET window, where the price hit a higher low while RSI hit a lower low, signaling potential bearish bias.

Bollinger Bands

Bollinger Bands showed moderate volatility over the 24-hour period. Price action remained within the band range without touching either the upper or lower band, indicating a continuation of the sideways consolidation. A slight contraction in the bands during the 01:00–04:00 ET period suggests a potential breakout may occur, but price failed to follow through on that.

Volume & Turnover

Volume was fairly consistent throughout the day, with no sharp spikes. The highest volume was recorded during the 17:30–18:15 ET window, coinciding with a bearish price move from 0.00694 to 0.00686. Turnover peaked during the same period, confirming the bearish pressure. No significant divergences between price and volume were observed, indicating consistent participation from both buyers and sellers.

Fibonacci Retracements

On the 15-minute chart, the most recent swing high at 0.00694 and swing low at 0.00686 were used to calculate key Fibonacci levels. Price retraced to the 61.8% level at 0.00690 before reversing downward. Daily Fibonacci levels, drawn from the prior week’s high and low, placed a key support at 0.00681 and resistance at 0.00694. The price held above the 61.8% retracement level but failed to test the key resistance level.

Backtest Hypothesis

Given the observed indecisive RSI and MACD patterns, as well as the lack of strong directional bias in the 24-hour data, a backtesting strategy could be designed around RSI divergence and fixed-holding periods. One potential strategy is to identify bearish RSI divergences (as observed during the 21:00–23:00 ET window) and enter short positions on the divergence date. These positions could be held for a fixed period (e.g., 10 trading days) or until a bullish RSI divergence appears, whichever comes first. For risk control, a stop-loss at the 61.8% Fibonacci level (0.00690) and a take-profit at the 38.2% retracement level (0.00683) could be applied. Using this framework, the backtest could evaluate whether such a strategy would have captured recent bearish trends in GUSDT while managing risk effectively.