Gravity/Tether USDt Market Overview

• Gravity/Tether USDt (GUSDT) traded in a tight range between 0.01154 and 0.01164 over 24 hours.
• Price closed near the high after a consolidation phase, with no strong directional momentum confirmed by RSI.
• Volume was uneven, with a peak at 0.01164 and divergence between volume and price action in the final hours.
• Key support and resistance levels were tested multiple times, but no breakout above 0.01164 or below 0.01154 occurred.
• Bollinger Bands showed a narrowing phase earlier in the session, indicating potential for a breakout.

Gravity/Tether USDt (GUSDT) opened at 0.0116 on 2025-09-09 12:00 ET and traded as high as 0.01164 before settling at 0.01162 by 12:00 ET on 2025-09-10. The total volume over 24 hours was 8,044,480, with a turnover of approximately $96,549. Price action remained range-bound for much of the session.

Structure & Formations

Price remained within a clearly defined consolidation pattern, bounded by key levels at 0.01154 (support) and 0.01164 (resistance). A notable bearish engulfing pattern appeared at 0.01161, followed by a bullish reversal at 0.01155. Multiple attempts to break above 0.01164 were met with selling pressure, while 0.01154 held firm during pullbacks. A doji at 0.01161 suggested indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, indicating a lack of strong trend. On the daily chart, the 50-day and 200-day moving averages remain separated, with the price hovering just above the 50-day MA but below the 200-day MA, signaling a neutral to slightly bearish tone in the medium term.

MACD & RSI

The 15-minute MACD remained in neutral territory with no clear signal for momentum. RSI oscillated between 50 and 60 for most of the session, showing no overbought or oversold signals. A late surge in price pushed RSI briefly to 61.8, but no follow-through occurred, indicating limited conviction in the move.

Bollinger Bands

Bollinger Bands showed a contraction in volatility around 0.01161, suggesting a period of consolidation. Price remained within the bands for the majority of the session, breaking out only briefly in the late hours. The upper band at 0.01164 became a recurring resistance, with a few rejections.

Volume & Turnover

Volume spiked in the late hours when price reached 0.01164, suggesting increased activity but no decisive breakout. Turnover was unevenly distributed, with a strong divergence in the final candle, where volume surged but price closed unchanged. This suggests potential order book imbalances or liquidity at key price levels.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swings, 0.01157–0.01164 represents a 61.8% retracement level that appears to be a psychological hurdle. A failure to clear this level may see price consolidate again, with the 50% retracement at 0.01159 acting as a likely pivot zone.

Backtest Hypothesis

Given the observed consolidation and failed attempts to break above 0.01164, a potential backtest strategy could involve entering short positions with a stop above 0.01164 and targeting the 61.8% Fibonacci level at 0.01157. Alternatively, a breakout strategy could be tested on the long side, with a stop below 0.01154 and a target at 0.01161. A trailing stop could be used to manage risk as the trade progresses. Given the relatively low volatility and tight ranges, the strategy would benefit from filtering for volume spikes and divergence in RSI for higher confidence entries.