Gravity/Tether Market Overview – October 10, 2025

• Gravity/Tether (GUSDT) traded between 0.00923–0.00977, closing at 0.00928 after a bearish reversal.
• Momentum weakened as RSI dropped below 40, indicating potential oversold conditions.
• Volatility expanded, with a Bollinger Band width of 0.00054, suggesting increased uncertainty.
• A volume spike of 12.32 million USD at 15:45 ET confirmed a sharp decline in price.
• A key support zone emerged near 0.00926–0.00928, tested and held at the 24-hour close.

Gravity/Tether (GUSDT) opened at 0.00958 on October 9 at 12:00 ET, reaching a high of 0.00977 and a low of 0.00923 before closing at 0.00928 on October 10 at 12:00 ET. Total volume was 14.68 million coins, with a notional turnover of $136.84 million over 24 hours, driven by a sharp selloff in the late afternoon session.

Structure & Formations

The 24-hour OHLCV data reveals a bearish reversal pattern in the final 15-minute candle at 15:45 ET, where price fell from 0.00943 to 0.00937. This was preceded by a sharp breakdown from a 0.00942–0.00966 range and a strong bearish engulfing pattern at 15:15 ET. A key support level appears to be forming around 0.00926–0.00928, with price consolidating there at the close. A bearish flag pattern is visible between 0.00943 and 0.00937, suggesting continuation of the downtrend if this support holds.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMAs have crossed below the price for the last hour, signaling bearish momentum. The 20-period MA currently sits at 0.00933, while the 50-period MA is at 0.00937, both below the latest close. This divergence between short-term and long-term averages suggests a continuation of the downward drift in the near term.

MACD & RSI

The MACD line turned negative at 15:30 ET, crossing below the signal line, confirming a bearish crossover. The histogram has been narrowing, indicating weakening momentum. The RSI has dropped below 40 and is approaching the oversold threshold of 30, suggesting potential for a short-term bounce or consolidation. However, the slow RSI remains bearish, indicating bearish bias in the near term.

Bollinger Bands

Volatility expanded significantly after 15:00 ET, with the upper Bollinger Band at 0.00965 and the lower band at 0.00921. Price closed just above the lower band at 0.00937, indicating a high level of bearish pressure. The Bollinger Band width has widened from 0.00025 to 0.00054, a sign of increased market uncertainty and potential for a break of the support zone.

Volume & Turnover

Volume surged to 12.32 million USD at 15:45 ET, coinciding with a 3.5% drop in price. This volume spike confirmed the breakdown from 0.00943 to 0.00937 and signaled strong selling pressure. However, turnover in the final hour was relatively low, with only 12.32 million USD traded, suggesting that the selling pressure is fading. Price and turnover remain aligned, with no clear divergence observed in the 24-hour period.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent 15-minute swing from 0.00942 to 0.00966, the 61.8% level is at 0.00948 and the 38.2% level at 0.00954. Price broke below both levels after 15:30 ET, with the 61.8% retracement now acting as a key support. Daily Fibonacci levels show the 38.2% retracement at 0.00940 and the 61.8% at 0.00918, both of which could become relevant for near-term price action.

Backtest Hypothesis

A potential backtesting strategy could involve using a 20-period EMA crossover with a 50-period EMA on the 15-minute chart to identify trend entries. Given the recent bearish crossover and weakening RSI, a short bias would be triggered at key support levels below the 20-period EMA. Stops could be placed just above the 50-period EMA or at the nearest Fibonacci level (e.g., 0.00948), while targets could be aligned with the next key level at 0.00926. The large volume spike confirms the move and validates the bearish thesis, suggesting high probability of continuation if the support holds.