Market Overview for Gnosis/Tether (GNOUSDT) – 2025-10-06

• GNOUSDT surged over 155.20, reaching 157.69, amid strong volume and momentum
• Price retested key resistance zones, with bullish continuation patterns emerging
• RSI and MACD show positive divergence, suggesting sustained upward momentum
• Volatility increased significantly as price broke out of a tight consolidation range

Gnosis/Tether (GNOUSDT) opened at $153.19 on 2025-10-05 at 12:00 ET and closed at $157.38 at 12:00 ET on 2025-10-06. The pair surged to a high of $157.69 and dipped to a low of $151.44 over the 24-hour period. The total volume traded was 930.976 units, with a notional turnover of $145,608.21.

The daily structure shows a sharp upward move breaking above prior resistance levels and forming multiple bullish continuation patterns, including inside bars and bullish engulfing on the 15-minute chart. Key support levels appear to be consolidating at $152.30–152.45, while resistance is shifting toward $155.00–157.35 as the price absorbs recent highs.

Structure & Formations

GNOUSDT's recent 15-minute chart shows a strong breakout from a tight consolidation range between $152.30 and $153.30. A bullish engulfing pattern was confirmed around 2025-10-06 02:30 ET, followed by a continuation of higher highs and higher lows. Key resistances at $153.30, $154.27, and $155.20 were sequentially breached, while support levels at $152.42 and $152.62 held during early retracements. A notable doji formed near $152.42, indicating a potential pause before the next leg up.

Moving Averages

The 15-minute chart shows the price closing above both the 20SMA and 50SMA, reinforcing bullish momentum. On the daily chart, the 50DMA and 100DMA crossed in a golden cross configuration earlier in the week, now reinforcing the upward trend as the price moves above all three (50, 100, and 200DMA) for the first time in weeks.

MACD & RSI

MACD turned sharply positive after the breakout, with a strong bullish divergence forming as price lows were higher while MACD remained in bullish territory. RSI moved into overbought territory but remained flat, suggesting the move may continue. A reading near 68 implies moderate overbought conditions, with no immediate bearish divergence yet.

Bollinger Bands

Volatility expanded significantly following the breakout, with the upper band stretching to $157.69. Price closed near the upper band, indicating strong momentum and bullish sentiment. The bands had previously contracted between $152.30 and $153.20, signaling a potential breakout scenario that now appears confirmed.

Volume & Turnover

Volume surged during the breakout phase, especially between 2025-10-06 13:00 ET and 15:45 ET, with a total of 69.708 units traded during the strongest upleg. Notional turnover spiked alongside the price movement, validating the breakout as a genuine buying interest rather than a pump-and-dump scenario. No divergence between price and volume was observed, supporting the continuation of the trend.

Fibonacci Retracements

Applying Fibonacci levels to the 152.30–157.69 swing, the price is currently at the 61.8% retracement level of approximately $155.67, which now acts as a potential area of consolidation. The 78.6% level lies around $156.90–157.00, which may act as a dynamic resistance if the trend continues. Daily retracements from the 2025-10-05 low of $151.44 to the high of $157.69 suggest a potential extension target at $159.15.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions after a confirmed bullish engulfing pattern forms on the 15-minute chart, provided the close is above the 50SMA and RSI is above 50. Stops could be placed below the prior swing low, with targets aligned to Fibonacci extensions or key resistance levels. Given the recent price behavior and strong volume confirmation, this setup appears valid for further testing across multiple timeframes.