Market Overview for Gnosis/Tether (GNOUSDT) - 24-Hour Analysis (2025-10-09)

• Gnosis/Tether (GNOUSDT) closed lower amid bearish momentum and declining volume near key Fibonacci levels.
• Price tested $150.0–$149.0 support with bearish engulfing and doji patterns indicating indecision.
• RSI and MACD signaled weakening bullish momentum with bearish divergence and negative crossovers.
• Volatility expanded in the late ET session, with price reaching a 24-hour high of $153.05 before retreating.
• Bollinger Bands indicated moderate volatility with price hovering near the lower band in the final hours.

Gnosis/Tether (GNOUSDT) opened at $150.56 on 2025-10-08 12:00 ET and reached a high of $153.05 during the session. The price closed at $147.48 on 2025-10-09 12:00 ET, with a low of $144.29. Total volume was 1,234.52 units, and notional turnover reached $184,795.36 over 24 hours.

Structure & Formations

Price action on GNOUSDT displayed a distinct bearish trend over the 24-hour period, with a notable breakdown from key resistance levels near $152.50 and $151.80. A bearish engulfing pattern formed around $152.78, followed by a doji near $151.60, signaling indecision and potential exhaustion of bullish momentum. Support at $150.0 and $149.0 held temporarily but failed as pressure intensified, leading to a breakdown below $147.00. A key retracement level at 61.8% of the $144.29–$153.05 swing appeared to act as resistance during the rebound phase.

Moving Averages and Momentum Indicators

On the 15-minute chart, price closed below both the 20-period (151.54) and 50-period (151.86) moving averages, reinforcing the bearish bias. The daily chart showed a similar structure, with the 50-period MA at 152.10 and 200-period MA at 152.80 serving as critical overhead resistance. MACD turned negative mid-session, confirming the bearish shift, while RSI dropped from overbought (70+) to neutral (48) territory by the close, indicating a strong bearish bias. A bearish divergence in RSI was noted in the final 4 hours, suggesting potential for further downside.

Volatility and Volume Analysis

Volatility expanded significantly after 17:00 ET, as price surged above $153.05 and then collapsed to below $149.00. The Bollinger Bands widened during this phase, with price oscillating near the upper and lower bands. Notably, the volume surged in the 17:30–18:45 ET period, reaching 153.28 units on a 15-minute bar, but failed to confirm a bullish breakout above $153.05. Later in the session, volume waned, with the final 4 hours showing low turnover and high volatility, indicating bearish exhaustion.

Fibonacci Retracements

Fibonacci retracement levels played a key role in the 24-hour price action. The 61.8% level at $147.24 appeared to act as a temporary floor in the final hours, with price rebounding from this level before continuing its decline. On the 15-minute chart, key retracements at 38.2% ($150.68) and 61.8% ($149.40) acted as pivots during the retracement from $153.05. These levels could now serve as potential support and resistance in the near term.

Backtest Hypothesis

A potential backtesting strategy could focus on the bearish engulfing and doji patterns observed in the late session, particularly at $152.78 and $151.60. Entering a short position on confirmation of a close below the 20-period MA with RSI below 40 and volume above 30 units on a 15-minute bar could have yielded a valid trade. Stops could be placed above the nearest resistance level, with targets aligned to the 61.8% and 78.6% Fibonacci levels below the initial entry. The strategy could also incorporate Bollinger Band contractions and MACD crossovers as confirming signals to enhance probability.