Market Overview: Gnosis/Tether USDt (GNOUSDT) – September 6, 2025

• GNOUSDT closed higher at 134.25 after a 1.75% rally from 131.99, driven by strong late-day buying.
• Momentum accelerated with RSI rising above 55 and MACD turning positive.
• Volatility expanded as price traded within widening Bollinger Bands.
• Volume surged to 552.66, with turnover reaching $75,640.56.
• Key support at 132.55 held during early sell-off, indicating bullish resilience.

At 12:00 ET on September 6, 2025, Gnosis/Tether USDt (GNOUSDT) traded at 134.25, up from an open of 131.99, reaching a high of 135.21 and a low of 131.99. The 24-hour volume amounted to 552.66 with a notional turnover of $75,640.56, showing robust accumulation in the final hours of the session. The price action reflected a strong reversal from earlier bearish pressure.

Structure & Formations

Price formed a bullish engulfing pattern from 06:00 ET to 06:15 ET, signaling a potential reversal from prior bearish momentum. A bearish inside bar appeared in early morning trading (05:30 ET–05:45 ET), which failed to break lower, suggesting short-covering and accumulation at 133.86–134.05. Key support levels at 132.55 and 133.47 provided strong floor resistance, with 132.55 acting as a psychological pivot for traders. The resistance cluster between 134.0 and 134.51 saw multiple retests, with 134.51 currently acting as a dynamic ceiling.

Moving Averages

On the 15-minute chart, price closed above the 50-period moving average, which has been trending upwards alongside the 20-period SMA. The 50-period MA is at 134.06, slightly below the current close, suggesting a continuation of bullish momentum. On the daily chart, GNOUSDT is trading above both the 50- and 100-period MAs, with the 200-period MA at 133.12 acting as a long-term support. The moving average crossover between 134.0 and 134.15 indicates strengthening bullish control.

MACD & RSI

The MACD crossed into positive territory at 09:00 ET and remained bullish through the session’s end, with a histogram expansion showing increasing buying pressure. The RSI rose from 49 to 56, indicating moderate bullish momentum without yet hitting overbought territory. A divergence between price and RSI was not observed, implying that the current rally is supported by strong conviction.

Bollinger Bands

Volatility expanded as price moved from the lower Bollinger Band (132.39) to the upper band (134.89), with the most recent close at 134.25 near the midline (134.50). This suggests a period of consolidation after the breakout. The contraction period occurred between 04:00 ET and 05:00 ET, leading to a breakout in the opposite direction. The current wide band reflects elevated expectations and potential for extended movement in either direction.

Volume & Turnover

Volume peaked at 28.781 at 01:15 ET, coinciding with a high of 134.99, but the most impactful accumulation occurred in the final hours (09:00 ET–16:00 ET), with over 350 units traded. The turnover-to-volume ratio remained stable, indicating consistent participation. No bearish divergence in volume was observed during price pullbacks, suggesting that sellers were either absorbed or unwilling to press lower.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at 134.01 acted as a psychological pivot point, with price rebounding and continuing higher. On the daily chart, the 38.2% retracement at 134.12 also provided strong support. A test of the 61.8% level at 134.99 may occur if the bullish trend continues.

Backtest Hypothesis

A viable backtest strategy for GNOUSDT could involve entering long positions on a bullish engulfing pattern confirmation (close above 133.34 after a bearish trend), with a stop loss placed below the most recent support at 132.55. A target could be set at the 61.8% retracement at 134.99, with an exit strategy at the upper Bollinger Band or RSI overbought levels (~65). This approach leverages the recent accumulation and technical confluence of price action, momentum, and volatility patterns to capitalize on potential continuation.