Summary
• Price formed a bullish engulfing pattern following a sharp pullback to $0.01387.
• RSI crossed into overbought territory, suggesting potential for short-term consolidation.
• Volume spiked during the final 3-hour window, aligning with the price high at $0.01457.
• Bollinger Bands widened, indicating rising volatility and a possible continuation of the bullish trend.
GMT/Tether (GMTUSDT) opened at $0.01399 on 2025-12-23 12:00 ET and traded as low as $0.01387 before surging to a 24-hour high of $0.01457. The price closed at $0.01446 on 2025-12-24 12:00 ET. Total volume reached 12.7M GMT, with notional turnover of approximately $183,625.
Structure & Formations
The pair showed a strong recovery after a bearish move to $0.01387, forming a bullish engulfing pattern on the 5-minute chart. A key support level formed near $0.01386–$0.01387, which held during the low-volume early morning hours. Resistance levels emerged at $0.01409 and $0.0143, with the latter acting as a dynamic level that was tested multiple times during the 24-hour period.
Trend Confirmation with Moving Averages
On the 5-minute chart, the 20SMA and 50SMA were closely aligned, showing a tightening crossover pattern. This suggests that the recent bullish thrust may have momentum to push past the $0.0145 level. On the daily chart, the 50DMA and 200DMA were in a bull market configuration, with
trading above the 200DMA, indicating medium-term strength.
Momentum and Volatility Indicators
The RSI surged to overbought levels above 70 during the morning hours, signaling a potential short-term pullback. MACD showed a strong positive divergence, with the line rising above the signal line at a time when volume and price were aligning. Bollinger Bands expanded significantly in the afternoon and evening, indicating growing volatility and a possible continuation of the upward trend.
Volume and Turnover Dynamics
Volume saw a sharp spike during the final 3-hour period of the 24-hour window, coinciding with the high of $0.01457. This suggests strong buyer participation and conviction. Turnover also increased proportionally, without signs of a divergence that might signal an overextended move.
Fibonacci Retracements
The 61.8% retracement level of the morning dip to $0.01387 was reached near $0.01428 and held as a psychological support. A subsequent rebound to the 78.6% retracement level at $0.01449 suggests a healthy rally. Further upside could aim for the $0.01457 level, the 100% retracement of the prior bearish leg.
GMT/Tether appears to be in a strong short-term bullish phase, supported by pattern, momentum, and volume. If the $0.01457 level holds, further gains could follow. However, caution is warranted if the RSI fails to stay above 50 and the 20SMA flattens, which could signal a reversal.
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