Summary
• Price tested key resistance at 0.01935–0.01945, forming mixed reversal patterns in late ET trading.
• Momentum showed bearish divergence in the RSI as price neared 24-hour highs, suggesting potential consolidation.
• Bollinger Bands expanded in late hours, reflecting increased volatility ahead of a potential directional move.
• Volume surged in the 6–10 PM ET window, confirming a rally attempt but failing to break above 0.01945.
• Fibonacci levels at 0.01915 and 0.01935 acted as strong support and resistance, respectively, for the session.
GMT/Tether (GMTUSDT) opened at 0.01924 on 2026-01-13 at 12:00 ET and reached a high of 0.01969 before settling at 0.01909 at 12:00 ET on 2026-01-14. The 24-hour trading range was 0.01884 to 0.01969. Total volume amounted to 69.9 million, with a notional turnover of $1.32 million.
Structure & Formations
Price moved within a key range of 0.01915 to 0.01945, where Fibonacci retracement levels acted as both support and resistance.
Notable patterns included a bearish engulfing candle at 0.01945 in the early morning and a bullish reversal near 0.01915 after 6 PM ET. A doji formed near 0.01935, signaling indecision in a high-traffic area.
Moving Averages and Momentum
The 20-period and 50-period moving averages on the 5-minute chart crossed during the midday ET rally, briefly supporting a bullish bias. However, the RSI maxed out above 65 before diverging as price declined in the last hours, suggesting potential exhaustion. The 50-period daily MA currently sits near 0.01925, providing a reference for potential support.
Bollinger Bands and Volatility
Volatility spiked in the last two hours of the session as Bollinger Bands widened, with price swinging between the midline and upper band before retreating toward the lower band. This expansion indicates a period of uncertainty and potential breakout conditions ahead.
Volume and Turnover Analysis
Volume spiked to over 4 million in the 6–10 PM ET window, confirming a rally attempt toward 0.01945, but failed to break through. The highest notional turnover occurred during the 22:30–22:45 ET window, coinciding with a sharp rise in price. However, price and turnover diverged after 10 PM ET, indicating weakening conviction in the bullish move.
Forward-Looking Observations
GMTUSDT may consolidate around the 0.01915–0.01935 range as key Fibonacci and support/resistance levels converge. A break above 0.01945 could target 0.01960–0.01965, but traders should remain cautious for a pullback if volume fails to confirm the move. Investors should watch for volatility spikes and divergence in the RSI to confirm momentum shifts.
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