GRT/USDT Clashes at 0.0275 — Bearish Engulfing Fails to Ignite Bounce

Summary
• Price tested key support at 0.0275 before rebounding into a 24-hour range of 0.02731–0.02947.
• Volume surged during the 16:15–16:30 ET window, with 11.6M volume and 328k turnover.
• RSI hit oversold (30) at 07:00 ET but failed to confirm bullish momentum on the rebound.
• Bollinger Bands widened mid-session, indicating increased volatility during the sell-off.
• A bearish engulfing pattern formed at 07:00 ET after a sharp 0.0283 → 0.02785 drop.

The Graph/Tether (GRTUSDT) opened at 0.02849 on 2026-02-06 12:00 ET, reached a high of 0.02947, a low of 0.02731, and closed at 0.02745 on 2026-02-07 12:00 ET. Total volume for the 24-hour window was 160,281,461.0, with notional turnover of 4,531,270.1.

Structure & Key Levels

Price tested critical support at 0.0275 twice, forming a potential floor for near-term bearish momentum. A 24-hour range of 0.02731–0.02947 was established, with 0.0286 as a key resistance level. A bearish engulfing pattern emerged on 07:00 ET candlestick, signaling possible short-term continuation of the downward bias.

Volatility and Momentum

Volatility spiked during the 16:15–16:30 ET window, where over 11.6 million contracts were traded, and price surged from 0.02791 to 0.0285. Bollinger Bands widened during this period, confirming a period of increased uncertainty. RSI dipped below 30 on 07:00 ET but failed to produce a convincing rebound, suggesting fading bullish conviction.

Volume and Turnover Divergence

While volume was elevated during the sharp 07:00–07:15 ET sell-off, notional turnover was modest compared to the morning’s 16:15 ET spike. This suggests divergent market activity between large and small participants. A volume spike on 16:15 ET confirmed a short-term rebound but failed to push price past 0.0286.

Path of Least Resistance

Fibonacci levels for the 0.02731–0.02947 range highlight 0.0284 (38.2%) and 0.0281 (61.8%) as potential near-term pivots. Price appears to be consolidating below key resistance at 0.0286. A break above 0.0286 could indicate a potential test of 0.0289–0.0291, while a retest of 0.0275 will be critical for bearish continuation.

In the next 24 hours, GRT/USDT may find direction on whether buyers can defend 0.0275 or if sellers resume dominance. Investors should monitor for a potential break of 0.0286 for bullish confirmation or a close below 0.0275 for bearish continuation.