Summary
• Price opened at $132.28 and closed at $128.10, showing bearish momentum within a declining range.
• A strong 20-period moving average crossover confirmed short-term bearish bias during key 5-minute windows.
• Volatility spiked in early hours, with Bollinger Bands widening, indicating increased uncertainty.
• RSI signaled oversold conditions by 07:00 ET, but price failed to follow through on potential support levels.
• Volume was unevenly distributed, peaking in early morning and tapering off mid-day.
At 12:00 ET on 2025-12-11, Gnosis/Tether (GNOUSDT) opened at $132.28, reached a high of $135.35, fell to a low of $126.19, and closed at $128.10. Total 24-hour volume was 698.42, with notional turnover of $90,364. The asset exhibited a bearish trend, with price action failing to reclaim key resistance levels seen earlier in the session.
Structure & Formations
Price broke below a prior support zone around $131.96 during the 01:15–01:45 ET window, followed by a confirmed bearish engulfing pattern at 02:15 ET. Key resistance levels at $132.03 and $133.40 were tested repeatedly but rejected. A doji formed at 05:00 ET near $128.22, suggesting short-term indecision.
Moving Averages
On the 5-minute chart, price crossed below both 20 and 50-period moving averages during the 00:15–01:00 ET window, confirming a short-term bearish bias. On the daily chart, the 50-period MA sits at approximately $130.50, indicating a longer-term bearish trend as price remains below the 200-period MA.
MACD & RSI
The MACD turned negative and maintained a bearish cross during the early morning hours, aligning with price action.
RSI dipped below 30 by 07:00 ET, signaling potential oversold conditions, but price failed to rebound from this level, suggesting weak bullish follow-through.
Bollinger Bands
Bollinger Bands expanded significantly in the early morning hours, coinciding with the largest 5-minute price drop from $133.28 to $126.80. Price remained within the lower half of the bands throughout the session, suggesting a continuation of bearish pressure.
Volume & Turnover
Volume was concentrated during the first 3 hours of the 24-hour window, peaking at 56.979 with a turnover of $7,603 at 02:45 ET. Mid-day and late-day activity showed reduced volume, with no significant divergence between price and volume.
Fibonacci Retracements
Fibonacci retracements on the 5-minute chart showed a key 61.8% level at $130.90, which held briefly during the 03:00–03:30 ET window. On the daily chart, the 61.8% retracement of the recent high from $135.35 sits at approximately $129.25, a level that may be tested in the next 24 hours.
Gnosis/Tether may face renewed pressure if it fails to reclaim the $129.25–$130.90 range in the next 24 hours. Investors should remain cautious of further downside momentum and monitor for a potential short-covering bounce should the 61.8% Fibonacci level hold.
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