Market Overview for Gnosis/Tether (GNOUSDT) – October 4, 2025

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• Price opened at $153.47 and traded between $152.21 and $155.84, closing at $152.24 with bearish momentum.
• RSI and MACD showed weak momentum, with RSI dipping into oversold territory below 30.
• Volume spiked during sharp declines, confirming bearish sentiment in the last 6 hours.
• Bollinger Bands indicated a volatile expansion, while Fibonacci levels highlighted key support at $152.21–$152.34.
• A potential consolidation phase appears to follow the recent breakdown from $154.29.

On October 4, 2025, Gnosis/Tether (GNOUSDT) opened at $153.47 at 12:00 ET – 1 and closed at $152.24 at 12:00 ET. The price ranged between $152.21 and $155.84 over the 24-hour period. Total volume traded was 1,037.69 GNO, with a notional turnover of approximately $159,399.77. The pair experienced a sharp sell-off in the last 6 hours, confirming a bearish shift in sentiment.

Structure & Formations

Key support levels emerged at $152.21–$152.34 and $152.85, with the latter forming a potential short-term base. The price action suggested a breakdown from a bullish channel initiated around $153.06. A bearish engulfing pattern was visible around $154.24–$153.06, followed by a doji at $152.85, hinting at a potential near-term reversal. The recent consolidation suggests traders may be testing the psychological level of $152.00 as a new floor.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key support levels during the late-night sell-off. The 20 EMA fell below the 50 EMA, forming a death cross pattern. On the daily chart, the 50-period MA sits above the 200-period MA, but the recent move threatens to break this positive trendline.

MACD & RSI

The MACD turned negative in the last 3 hours, with the histogram shrinking, indicating weakening momentum. The RSI dropped below 30 into oversold territory, which could signal a temporary pause in the decline. However, without a strong reversal candle, this may only provide short-term relief. The RSI divergence between price and indicator was mild but visible around $153.06–$152.85, suggesting a potential bounce if the $152.21 level holds.

Bollinger Bands

Bollinger Bands expanded significantly during the price drop, with the low of $152.21 touching the lower band. This expansion confirms a volatility spike and increased bearish pressure. Price remains within the bands, but the narrowing of the range during consolidation in the last hour may foreshadow a breakout attempt. The middle band currently sits at $153.05, a critical psychological level.

Volume & Turnover

Volume spiked sharply during the decline to $152.24, peaking at $153.06–$152.67, with the largest hourly volume concentrated around $153.06. Notional turnover increased in tandem with falling prices, confirming bearish conviction. However, recent volume has dropped off, suggesting exhaustion or a pause in aggressive selling. A divergence between price and volume in the last 90 minutes implies that momentum may be running out of steam.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from $153.06 to $152.67, the 38.2% level at $152.88 and the 61.8% level at $152.38 acted as short-term support. The price found temporary support at the 61.8% level, which may now serve as a pivot. A rebound above $152.88 could trigger a test of $153.06, with a break above it potentially leading to a retest of $153.69–$154.17 as the next resistance zone.

Backtest Hypothesis

A potential backtesting strategy could be built around the death cross pattern observed on the 15-minute chart, combined with RSI falling into oversold territory. A short entry could be triggered when the 20 EMA crosses below the 50 EMA, with a stop-loss placed above the recent high at $153.47. A target could be set at the 61.8% Fibonacci level at $152.38, with a second target at $152.21. This setup assumes bearish momentum continues and that the oversold RSI does not trigger a sharp bounce. The use of Bollinger Bands and volume divergence adds a probabilistic edge to the trade setup.