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Summary
• Price drifted in a 0.135–0.142 range, with a bullish breakout attempt late ET.
• Volume surged in late ET, confirming the bullish momentum.
• RSI and MACD showed bullish divergence, hinting at potential continuation.
• 21:30 ET candle formed a strong bullish engulfing pattern.
Gitcoin/Tether (GTCUSDT) opened at 0.138 on 2025-12-11 12:00 ET, reached a high of 0.145, a low of 0.135, and closed at 0.141 as of 2025-12-12 12:00 ET. Total volume was 1,446,269.1, and notional turnover was approximately $195,703.
Structure & Formations
The pair consolidated between 0.135 and 0.142 for the majority of the 24-hour period. A strong bullish engulfing pattern formed at 21:30 ET following a 5-minute candle that opened at 0.140 and closed at 0.142. This pattern coincided with elevated volume and marked a key turning point. The price later tested the 0.141 level multiple times, with a failed bearish attempt visible in the 16:30 ET candle, which gapped down from 0.140 to 0.138.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages showed a bullish crossover late in the session, with the 50-period MA crossing above the 20-period MA as the price surged.

MACD & RSI
The MACD crossed into positive territory late ET and remained bullish, with a widening histogram suggesting growing momentum. RSI climbed to 57 at the close, indicating moderate bullish strength but not overbought territory. A divergence between RSI and price was observed in the 01:00–04:00 ET timeframe, with RSI peaking ahead of price, suggesting a bearish exhaustion phase.
Bollinger Bands
Bollinger Bands showed a moderate widening from 09:00–10:30 ET, reflecting increased volatility. Price action remained within the bands for most of the session, but a late ET breakout pushed the close near the upper band. A potential retest of the 0.142 level may offer further insight into near-term volatility.
Volume & Turnover
Volume surged above 60,000 at 21:30 ET, coinciding with the bullish engulfing pattern and the price push to 0.142. This volume spike provided confirmation of the move. Earlier in the morning (01:00–03:00 ET), turnover dipped despite relatively stable price action, suggesting potential divergence and weak conviction during that period.
Fibonacci Retracements
A 61.8% Fibonacci retracement level from the 0.135 to 0.145 swing is near 0.141, aligning with the current close. This level appears to have acted as dynamic support during the 09:00–10:30 ET consolidation phase. A break above 0.142 would suggest a possible move toward the 0.144–0.145 resistance zone.
Over the next 24 hours, a sustained move above 0.142 could signal a bullish continuation, but traders should remain cautious of potential profit-taking near 0.144. A close below 0.140 would increase the risk of a retracement to 0.138 or lower.
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