Market Overview: GMT/Tether (GMTUSDT) 24-Hour Summary

• GMTUSDT opened at $0.0438 and closed at $0.0426, down 2.75% over 24 hours.
• Volatility and volume surged in the 07:45 ET candle, with a massive bearish reversal.
• Key resistance around $0.0440–0.0442 held multiple times but failed to sustain.
• RSI and MACD signal weakening momentum, with RSI dipping into oversold territory.
• Bollinger Bands indicate a recent contraction before a sharp expansion, signaling heightened volatility.

GMT/Tether (GMTUSDT) opened at $0.0438 on 2025-09-14 at 12:00 ET and closed at $0.0426 on 2025-09-15 at the same time. The pair reached a high of $0.0442 and a low of $0.0424 over the 24-hour period. Total trading volume for the 24-hour window was approximately 7,624,343.6 (in base asset), with a total notional turnover of around $333,668.8 (in USD terms).

Structure & Formations

GMTUSDT formed a bearish engulfing pattern on the 07:45 ET candle, confirming a sharp reversal from $0.0433 to $0.0426. This candle also marked the lowest close of the day. A doji formed earlier around 05:00 ET, signaling indecision before the final leg down. Key resistance levels at $0.0440–0.0442 were tested multiple times but failed to hold, suggesting bearish pressure. Support at $0.0433–0.0436 appears to have been the last strong level before the final breakdown.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bearishly aligned, with the price closing below both during the final 24 hours. The 50-period line was around $0.0438–0.0440, and the 20-period line was slightly above it. On the daily chart, the 50-period MA is likely near $0.0442, with the 200-period MA in the $0.0444–0.0446 range, indicating a bearish alignment with the broader trend.

MACD & RSI

The MACD turned bearish in the final hours, with the histogram showing a clear divergence from the price as the asset broke down. RSI dropped sharply from 55–60 to 28 by the close, indicating oversold conditions. While RSI may find support near 25, the bearish momentum in the MACD suggests continuation of the downtrend in the near term.

Bollinger Bands

Bollinger Bands showed a moderate contraction around 03:00–06:00 ET, followed by a sharp expansion as the price dropped below the lower band in the final 90 minutes. This pattern is typically associated with a breakout or breakdown. The fact that the price closed below the lower band reinforces the bearish bias.

Volume & Turnover

The 07:45 ET candle was the most active with a volume of 3,827,113.5 (base) and a notional turnover of $163,541.42, marking the largest single candle in terms of trading activity. This coincided with the sharp drop to the 24-hour low. Volume was generally higher during the breakdown phase, confirming the bearish move. A divergence between price and volume was not observed, suggesting conviction behind the move lower.

Fibonacci Retracements

Applying Fibonacci retracements to the 05:00–07:45 ET leg from $0.0442 to $0.0424, the 61.8% level is near $0.0431, which aligns with recent support. The 38.2% level is at $0.0435. The current close of $0.0426 is just below the 61.8% retracement level, suggesting a possible area of interest for a bounce, though bearish pressure remains strong.

Backtest Hypothesis

Given the observed bearish engulfing pattern and the failure of key resistance levels, a potential backtesting strategy could focus on short-term bearish trades on a breakdown of $0.0430. A stop-loss could be placed just above $0.0437 to account for volatility, with a target at $0.0422–0.0420. This strategy would align with the RSI’s oversold reading and the MACD divergence, suggesting a continuation of the downward trend in the near term. The high volume during the breakdown further supports the trade setup.