Gravity/Tether Market Overview

• Gravity/Tether (GUSDT) traded in a tight range amid moderate volume, with a 24-hour high of 0.01125 and low of 0.01093.
• The pair showed a slight bullish bias in the last 4–6 hours, with a recovery from a 0.01105 pivot.
• RSI remains neutral, while MACD shows fading bullish momentum, suggesting consolidation is likely.
• Volatility remained constrained in Bollinger Bands, indicating lack of strong directional bias.
• A key resistance at 0.01125 and support at 0.01105 may define short-term price action.

At 12:00 ET, Gravity/Tether (GUSDT) opened at 0.01102, reached a high of 0.01125, and closed at 0.01122 by 12:00 ET the next day, after trading as low as 0.01093. Total volume over 24 hours was 39,886,851.0, with notional turnover amounting to approximately $440,000. Price action reflected a gradual recovery from a key support level near 0.01105, with buyers showing renewed interest in the 0.01116–0.01122 range.

Structure & Formations

Price action revealed a moderate bullish bias in the final hours of the 24-hour period. A key support level at 0.01105 was tested twice and held, forming a bullish reversal pattern. The 0.01116–0.01122 area acted as a strong magnet, with several bullish confirmation candles, including a hammer and a bullish engulfing pattern. Resistance appears to be consolidating at 0.01125, which could mark a potential short-term ceiling if not broken with conviction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging, with price hovering above both. This suggests a short-term bullish bias, though not a strong breakout. On the daily chart, the 50-period MA remains below the 200-period MA, indicating a longer-term bearish bias, though the recent price action may be forming a base ahead of a potential reversal.

MACD & RSI

MACD lines show a narrowing bullish histogram in the final 4 hours, with the signal line approaching the zero line from below. RSI remains in neutral territory, currently at around 55, indicating a balanced market without overbought or oversold conditions. However, RSI has shown a slight upward bias, suggesting accumulation by bulls. A breakout above the 60 level could indicate renewed bullish momentum.

Bollinger Bands

Volatility has been contracting over the past 8 hours, with price hovering near the upper band during the final 3 hours. This suggests a potential breakout scenario, but price has not yet moved beyond the band width. The recent tightening of bands could indicate a period of low volatility ending, possibly leading to a sharp directional move if buyers or sellers step in decisively.

Volume & Turnover

Volume surged during the late evening hours (ET), particularly in the 22:00 to 02:00 window, as price tested and bounced off the 0.01105 level. Notional turnover spiked during the 23:15 to 03:00 window, confirming the bullish action. However, volume has since declined, suggesting that the recent rally may be running out of steam.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 0.01093–0.01125 move, key levels include 38.2% at 0.01109 and 61.8% at 0.01118. The current price is near the 61.8% level, indicating that a potential pullback to the 38.2% level could offer a reentry opportunity for bulls. Further upside beyond 0.01125 would require a breakout with strong volume.

Backtest Hypothesis

The provided backtesting strategy involves a short-term breakout setup on the 15-minute chart, where long entries are triggered on a close above the upper Bollinger Band with volume above the 70th percentile of the 24-hour average. Short entries are triggered on a close below the lower Bollinger Band with volume above the 70th percentile. Given recent price behavior, the breakout above the upper band has been flagged, but confirmation with strong volume is pending. A test of this strategy over the past 24 hours would have triggered a long signal at 0.01120, with a target at 0.01130 and a stop at 0.01115. The setup remains valid for the next few hours, assuming volume continues to support the move.