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

• GNO/USDT fell from 155.36 to 150.99 over 24 hours, closing near the 24-hour low.
• Key resistance appears at 154.80, with breakdowns below 153.00 reinforcing bearish momentum.
• RSI oversold levels and Bollinger Band contraction suggest a potential short-term bounce.
• Volume declined significantly post-18:00 ET, with turnover aligning with price decline.
• A bullish engulfing pattern at 153.00-153.28 may signal a near-term reversal attempt.

The Gnosis/Tether pair opened at 154.54 at 12:00 ET−1 and dropped steadily over 24 hours, hitting a low of 150.99 before closing at 150.99 at 12:00 ET. Total volume traded was 1,190.08 GNO, with notional turnover at $182,573. The price action shows a bearish bias with significant pressure below 153.00.

Structure suggests 154.80 as a key resistance level, while 153.00 appears to be a critical support zone. A bullish engulfing candle formed between 153.00 and 153.28, indicating potential short-term buying interest. A doji near 152.60 also signals indecision.

MACD remains bearish with a negative divergence and RSI dipping into oversold territory, suggesting a potential rebound. Bollinger Bands have narrowed, showing decreasing volatility, but prices remain near the lower band. Fibonacci retracement levels indicate 152.63 (61.8%) and 153.40 (50%) as potential bounce points.

Volume dipped sharply after 18:00 ET, with price continuing to fall despite reduced trading activity, a sign of weak conviction in the short-term. If price recovers and closes above 152.87, a test of the 154.00–154.80 zone could follow, though risks remain skewed to the downside if 152.00 is breached.

Backtest Hypothesis:
The described backtesting strategy aims to exploit short-term price divergences between RSI and price action. A potential trade setup involves entering long positions when RSI crosses above 30 following a bearish trend and a bullish engulfing pattern. The strategy would also close short positions and open longs if volume increases while prices rebound. A stop-loss is placed below the 152.63 Fibonacci level, and a target is set at 154.00. Given today’s price structure, this setup may be actionable as RSI is near oversold levels and a bullish candle formed at 153.00–153.28.