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Summary
• Gitcoin/Tether consolidates in a 0.126–0.130 range with bullish momentum fading.
• Volume spikes in late ET hours suggest renewed interest but failed to break above 0.130.
• RSI near 50 indicates neutral momentum, while Bollinger Bands show moderate volatility.
• Key 50-period MA on 5-min chart currently offers dynamic support near 0.127–0.128.
Gitcoin/Tether (GTCUSDT) opened at 0.127, reached a high of 0.131, and a low of 0.125, closing at 0.127 as of 12:00 ET on December 24. The pair recorded a 24-hour trading volume of 493,853.3 and a notional turnover of 64,179.48.
Structure & Formations
Price action over the past 24 hours formed a tight range between 0.126 and 0.131, with no decisive breakouts. Notable bearish and bullish candles, including a potential hanging man near 0.130 and a bullish engulfing pattern at 0.127–0.128, suggest indecision among traders. The 0.127 level appears to be a key short-term support zone, with resistance forming near 0.130.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are both hovering around the 0.127–0.128 range, currently acting as a dynamic support. The 20-period MA is slightly above the 50-period MA, indicating a potential short-term bullish bias.

Momentum & Volatility
Relative Strength Index (RSI) on the 5-minute chart fluctuated between 40 and 60, signaling neutral to weak bullish momentum. No overbought or oversold conditions were observed during the 24-hour window. Bollinger Bands showed moderate volatility, with prices spending much of the period trading within the bands, suggesting a lack of strong directional bias.
Volume & Turnover
Volume increased significantly during late ET hours, particularly between 00:00 and 02:00 ET, but failed to produce a sustained move above 0.130. Turnover mirrored this trend, with higher values observed during the same period. There was no clear divergence between volume and price movement, suggesting that the increased volume was directional, though not decisive.
Fibonacci Retracements
On the 5-minute chart, price pulled back to the 38.2% retracement level of the 0.126–0.130 swing multiple times, finding support and bouncing. The 61.8% retracement level at 0.127 may now serve as a potential pivot point. On the daily chart, the pair is approaching the 38.2% retracement of its recent leg down, offering a cautious near-term target for buyers.
Over the next 24 hours, Gitcoin/Tether could attempt a breakout above 0.130 or face a test of 0.126 support. Traders may want to closely watch volume and momentum indicators for signs of conviction in either direction. As always, volatility remains a risk, especially in the lead-up to year-end events.
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