Market Overview for Gnosis/Tether (GNOUSDT)

• GNOUSDT formed a bullish reversal pattern after hitting a 24-hour low near 136.42, rebounding to 138.58.
• Price traded within a range of 136.42–138.58 with a 1.2% increase in close-to-open bias.
• Volume surged in the last 3 hours, confirming the recent rebound from support.
• RSI showed oversold conditions earlier, now showing balanced momentum without overbought signs.
• Bollinger Bands expanded during the rebound phase, indicating increased volatility.

Gnosis/Tether (GNOUSDT) opened at 138.22 on 2025-09-23 at 16:00 ET and closed at 138.05 on 2025-09-24 at 16:00 ET. The pair traded as low as 136.42 and as high as 138.58, with a total trading volume of 885.885 and turnover of 124,965.90. The 24-hour price action displayed a bullish bias after a key support level held.

Structure & Formations

Price formed a notable bullish reversal pattern near 136.42, supported by a low-volume bar at that level. The candle on 04:15 ET saw a large bearish move to 135.91, followed by a strong rebound. A key support level at 136.67 and a resistance at 137.53 were tested multiple times. A 138.3–138.57 range formed in the final 4 hours, suggesting consolidation ahead of a potential breakout.

Moving Averages

The 20-period and 50-period moving averages on the 15-min chart crossed over at 137.74, suggesting short-term bullish momentum. The 50-period MA sat above the 100- and 200-period lines, signaling a moderate medium-term bullish bias. A golden cross is not in immediate sight but is not ruled out over the next few days.

MACD & RSI

MACD lines diverged slightly at 137.53, showing a bearish signal, but the histogram began to reassert bullish momentum after 07:00 ET. RSI entered oversold territory at 136.42 and has since returned to the 50–60 range, indicating balanced momentum. A move above 60 would signal a shift to overbought territory, suggesting caution for further upward moves.

Bollinger Bands

Volatility increased significantly between 04:15 and 08:00 ET, with Bollinger Bands expanding to reflect the large move from 135.91 to 138.21. Price closed near the middle band, indicating equilibrium. A breakout above the upper band or below the lower band could trigger increased volatility in the next 24 hours.

Volume & Turnover

Volume surged in the final 3 hours, confirming the bullish reversal and the consolidation phase above 137.53. Turnover also spiked during the 11:15–12:00 ET window, coinciding with the last leg of the rally. The divergence between volume and price movement is not evident, suggesting the bullish move is backed by strong participation.

Fibonacci Retracements

Fibonacci levels drawn from the 135.91–138.21 swing highlighted key levels: 136.67 (38.2%), 137.15 (50%), and 137.53 (61.8%). The price held above 137.53 in the last 4 hours, suggesting a potential target at 137.85–138.15 as the next Fibonacci extension.

Backtest Hypothesis

The backtest strategy described focuses on entering long positions when price crosses above the 50-period MA on the 15-min chart and RSI exits oversold territory (below 30). A stop-loss is placed below the previous 3-hour swing low, with a target at the next Fibonacci retracement level. Historical data from the 24-hour window shows this strategy would have triggered an entry around 07:00 ET with a stop below 137.21 and a target at 137.85. The trade would have captured a 64-pip move before price consolidated. Further testing across multiple cycles is recommended to validate consistency.