Market Overview for GMT/Tether (GMTUSDT) on 2025-09-18

• • GMT/Tether (GMTUSDT) surged to a 24-hour high of $0.0441 on heavy volume, suggesting renewed bullish momentum.
• • Price formed a bullish flag pattern amid consolidation, with key resistance at $0.0435–$0.0441 holding well into early morning ET.
• • Volatility expanded during the overnight Asian session, with intraday range increasing by 8.2% relative to morning hours.
• • RSI reached overbought levels near 70, signaling potential for a pullback, but volume continues to support higher highs.

GMT/Tether (GMTUSDT) opened at $0.0414 on 2025-09-17 12:00 ET and closed at $0.0432 as of 2025-09-18 12:00 ET, hitting a high of $0.0441 and a low of $0.0410. Total volume amounted to 21,419,727.3 units with a notional turnover of $923,756. The asset appears to be consolidating gains following a sharp rally in the latter half of the 24-hour window.

Structure & Formations

GMTUSDT formed a bullish flag pattern between $0.0434 and $0.0441, with a clear support level around $0.0434 and a resistance cluster from $0.0438 to $0.0441. A large bullish engulfing candle on 2025-09-17 23:15 ET confirmed breakout intentions. A series of small doji in the early morning hours of 2025-09-18 suggests indecision as buyers and sellers tested the recent high.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed in favor of the bulls, forming a golden cross that signaled a potential trend reversal from bearish to bullish. The 50/100/200-day MA structure on the daily chart showed a moderate bullish bias, with the 50-day MA above the 200-day MA.

MACD & RSI

The MACD crossed above zero during the Asian session, suggesting increasing bullish momentum. The RSI surged past 70 into overbought territory, which may indicate a near-term correction. However, divergence between RSI and price was not observed, implying that bullish sentiment remains strong.

Bollinger Bands

Volatility expanded in the late hours of 2025-09-17, as price traded near the upper Bollinger Band for several hours. The 20-period Bollinger Bands widened significantly, confirming the breakout. Price remains near the upper band as of 2025-09-18 12:00 ET, suggesting high volatility and a potential re-test of key support zones in the near term.

Volume & Turnover

Volume spiked during the breakout phase, particularly between 19:00 and 20:30 ET. Notional turnover followed a similar trend, with a notable divergence observed in the final 3 hours, as volume declined slightly but price continued to make new highs. This may signal a tightening of control in the hands of large buyers.

Fibonacci Retracements

Key Fibonacci levels from the recent swing low at $0.0414 to the swing high at $0.0441 suggest 38.2% ($0.0428) and 61.8% ($0.0436) as critical retracement levels. Price has already tested both 38.2% and 61.8% on the way to the high, indicating strong buying pressure. A move above $0.0441 may target $0.0445 as the next Fibonacci extension.

Backtest Hypothesis

Given the current structure and indicators, a potential backtest strategy could be to go long on a breakout of the upper Bollinger Band or a close above the 61.8% Fibonacci level, confirmed by a bullish divergence in the RSI and an increase in volume. A stop-loss could be placed below the 38.2% retracement level at $0.0428. This approach would align with the observed consolidation and bullish momentum, offering a risk-reward ratio of approximately 1:2.5 in favor of the long side.