Market Overview for Gnosis/Tether USDt (GNOUSDT)

• GNOUSDT rose from $138.16 to $140.44, breaking a 24-hour high on increased volume.
• RSI hit overbought levels after an aggressive rally in early ET hours.
• Bollinger Bands widened as volatility surged post-7:30 ET.
• Volume spiked dramatically during the 15-minute candle ending at 12:30 ET.
• No clear reversal patterns emerged, but price consolidation near key resistance is expected.

Gnosis/Tether USDt (GNOUSDT) opened at $138.16 on 2025-09-10 12:00 ET, reached a high of $141.36, and closed the 24-hour period at $140.27. Total trading volume amounted to 4,198.41 units, with a notional turnover of $583,813.64. The price exhibited a bullish breakout pattern with increased volatility and volume confirmation.

Structure & Formations

The price formed a strong bullish trend, breaking through several minor resistance levels during the morning ET hours. A bullish engulfing pattern was observed around 7:30–8:00 ET, confirming the upward momentum. A key resistance zone appears around the $140.25–140.50 range, while support is likely near the 20-period EMA at ~$139.80. A bearish doji appeared at the close of the 12:30–12:45 ET candle, suggesting potential consolidation ahead.

Moving Averages

On the 15-minute chart, the 20-period EMA sits at $139.92, while the 50-period EMA is at $139.72. Price is currently above both, indicating bullish momentum. On the daily timeframe, the 50-period SMA is at $139.18, and the 200-period SMA is at $138.34, suggesting a longer-term bullish bias.

MACD & RSI

The MACD crossed above the signal line in the morning, indicating a strong bullish momentum shift. The histogram reached a local peak at 11:00–11:15 ET and has since started to narrow, suggesting slowing momentum. The RSI approached the overbought territory (78–80), signaling that the price may pull back toward equilibrium soon.

Bollinger Bands are currently in a wide expansionary phase, indicating increased volatility. Price is sitting near the upper band at 12:30 ET, suggesting a potential short-term reversal unless volume and bullish signals confirm further strength.

Volume & Turnover

Volume surged sharply during the 12:30–12:45 ET candle, where $140.25 closed at $139.21, coinciding with a drop in price but a surge in turnover. This could indicate profit-taking and short-term uncertainty. The notional turnover reached a local peak of $11,463.86 during the 12:30–12:45 ET candle, the highest of the 24-hour period.

Fibonacci Retracements

Applying the 38.2% and 61.8% Fibonacci retracement levels to the recent swing from $137.21 to $141.36, key support is expected at $139.80 (38.2%) and $138.96 (61.8%). If the price fails to hold above $139.80, it may test these lower levels before finding new direction.

Backtest Hypothesis

A potential backtest strategy could involve entering a long position when price closes above the 20-period EMA, confirmed by a bullish engulfing or pinocchio candle. A stop-loss could be placed below the 50-period EMA to manage risk. A take-profit could target the 38.2% Fibonacci level or the upper Bollinger Band, depending on volatility. This strategy aligns with the morning’s breakout and is reinforced by RSI and MACD momentum.