Market Overview for GMT/Tether (GMTUSDT) – 24-Hour Summary for 2025-10-01

• GMT/Tether rose 0.30% over 24 hours, showing moderate bullish momentum with key resistance at 0.0396.
• Volatility expanded midday, pushing price above a 0.0390 Bollinger Band.
• On-balance volume spiked during the 0.0391–0.0396 rally, signaling institutional interest.
• RSI reached 58 mid-session, indicating neutral momentum without overbought pressure.
• Fibonacci retracement levels suggest potential consolidation near 0.0390 and 0.0385 ahead.

GMT/Tether (GMTUSDT) opened at 0.0371 on 2025-09-30 12:00 ET, reaching a high of 0.0396 and a low of 0.0370 before closing at 0.0392 at 12:00 ET on 2025-10-01. Total volume amounted to 53,288,836.8, with a notional turnover of approximately $1,597,631.58 (volume × price). Price action displayed a clear bullish bias toward the end of the session.

Structure & Formations

Price formed a strong bullish impulse wave from 0.0371 to 0.0396, with key resistance at 0.0396 and support at 0.0390 identified. A bearish engulfing pattern emerged near 0.0393, indicating potential short-term correction. A doji at 0.0390 suggested indecision, likely to be a temporary pause before a continuation. A 0.0370–0.0372 consolidation zone acts as a critical short-term support cluster.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, forming a golden cross near 0.0382–0.0384, signaling bullish momentum. The 50-period MA confirmed the upward trend as price remained above it for most of the session. Daily moving averages (50, 100, 200) showed a neutral to bullish bias, with no major crossovers during the period.

MACD & RSI

MACD remained positive throughout the day, with a narrow histogram and a strong signal line, indicating sustained momentum. RSI moved from neutral (55–58) to overbought (62–63), but failed to exceed 65, suggesting the rally may still have room to run. A bearish divergence was observed near the 0.0393 level, which could trigger a pullback.

Bollinger Bands

Volatility increased as the session progressed, with the Bollinger Band width expanding from ~0.0004 to ~0.0006. Price closed near the upper band at 0.0396, suggesting strength in the move. A breakout above the 0.0396 level may trigger a test of the 0.0397–0.0398 zone. Traders should monitor for a retest of the 0.0390 lower band for confirmation of the trend’s sustainability.

Volume & Turnover

Volume surged during the 0.0391–0.0396 rally, with a 45-minute period at 09:00–09:45 ET seeing a 50% increase in notional turnover. A divergence between price and volume was noted near the 0.0393 level, with price rising while volume dropped, hinting at potential exhaustion. The total volume-to-turnover ratio of ~39.1 indicated moderate liquidity.

Fibonacci Retracements

Applying Fibonacci to the recent 0.0371–0.0396 swing, key levels include 0.0388 (23.6%), 0.0389 (38.2%), and 0.0385 (61.8%). The 0.0390–0.0392 area is likely to act as immediate support, with a failure to hold there potentially triggering a test of the 0.0385 level.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when price closes above both the 20- and 50-period MAs on the 15-minute chart, with a stop-loss placed below the most recent swing low and a target based on the 38.2% Fibonacci retracement level. This approach leverages confirmed momentum and retracement psychology. Given the recent golden cross and sustained volume, this strategy appears well-suited to the current price action. However, divergence in RSI and volume should be closely monitored to avoid false breakouts.