Gravity/Tether USDt Market Overview (GUSDT): Volatile Decline and Oversold RSI Signal

• Price fell from 0.01193 to 0.01163 over 24 hours, ending near a key support level.
• High volatility observed with a 9.4% range but closing near the bottom of the 15-min Bollinger Band.
• Volume spiked during key downward moves, suggesting liquidation or bearish pressure.
• RSI shows oversold territory, hinting at potential near-term rebound or consolidation.

Gravity/Tether USDt (GUSDT) opened at 0.01191 on 2025-09-10 at 12:00 ET and closed at 0.01163 at 12:00 ET on 2025-09-11. The pair reached a high of 0.01193 and a low of 0.01163 over the 24-hour period. Total volume amounted to approximately 16,499,290, while notional turnover totaled roughly $189,953 (volume weighted by closing price). The price action reflects a volatile bearish trend with clear distribution patterns.

Structure & Formations

The 24-hour chart shows a bearish bias, with price forming a key support level near 0.01163—confirmed by the final 15-minute candle. The price action suggests a potential bounce or consolidation. A notable bearish engulfing pattern appears after the 0.01183 level is broken, signaling a potential continuation of the downward trend. A doji forms near 0.01185, indicating indecision and possible reversal, but it was quickly followed by bearish momentum.

Moving Averages

Short-term moving averages (20/50-period on 15-min) show a steep bearish slope, with price currently below both, reinforcing the downtrend. On the daily chart, the 50- and 200-period lines appear to have crossed, forming a “death cross” formation—another bearish sign. The 100-period line is also below the 200-period line, confirming the longer-term bearish setup.

MACD & RSI

The MACD line shows bearish divergence with price, as the histogram continues to narrow despite ongoing price declines, indicating diminishing momentum. RSI has dipped below 30, suggesting the pair is in oversold territory. This may set the stage for a short-term bounce, but sustained bullish momentum is unlikely without a strong volume confirmation.

Backtest Hypothesis

The backtest strategy described involves entering a short position when RSI crosses below 30 and price closes below the 20-period moving average, with a stop loss placed at a recent swing high. Based on the current conditions—RSI in oversold territory and price below key moving averages—this strategy would have triggered a short signal at the close of the 24-hour period. However, the bearish divergence in MACD suggests that while the signal is valid, the magnitude of the move may be limited. A trailing stop or re-entry strategy on any short-term bounce may be necessary to capture full downside potential.