Market Overview for The Graph/Tether

Summary
• The GRTUSDT pair tested key support levels before stabilizing near 0.0358.
• Volume surged in late trading but failed to confirm a bullish breakout.
• RSI signaled overbought conditions in the afternoon before a reversal.
• A bearish engulfing pattern emerged following a sharp intraday rebound.
• Prices remained within a tight Bollinger Band range, signaling low volatility.

The Graph/Tether (GRTUSDT) opened at 0.03653 on 2025-12-23 at 12:00 ET, reached a high of 0.03705, touched a low of 0.03556, and closed at 0.03585 as of 2025-12-24 at 12:00 ET. Total 24-hour volume was 115,093,229 and turnover amounted to $3,427,301.

Structure & Formations

The 24-hour chart displayed a distinct bearish structure, with a key support zone emerging around 0.03576 after a failed rally attempt to 0.0363. A notable bearish engulfing pattern formed in the 5-minute chart around 16:45–17:00 ET, confirming a reversal after a brief rebound. Key resistance levels were observed near 0.0363 and 0.0367, while support lingered at 0.03576 and 0.03562.

Moving Averages

On the 5-minute chart, price action remained below the 20-period and 50-period moving averages for most of the session, signaling a bearish bias. Daily moving averages (50/100/200) were not explicitly visible from 5-minute data, but the price remained below the 50-period average for the full day, reinforcing the downtrend.

MACD & RSI

The MACD showed a narrowing histogram with bearish divergence in the afternoon, suggesting weakening momentum. RSI peaked above 70 during the midday rally but declined rapidly, signaling overbought conditions were short-lived. A bearish crossover in the MACD line occurred around 16:45 ET, aligning with the price drop.

Bollinger Bands

Volatility remained compressed for most of the session, with prices clustering near the middle band. A brief expansion occurred around 14:45–15:00 ET as the price moved closer to the upper band, but the move failed to hold, and prices retreated below the middle band. The closing price sat just above the lower band, indicating a potential reversal scenario.

Volume & Turnover

Volume saw a significant increase in the afternoon and early evening, especially between 16:00 and 17:00 ET, as the price moved lower. This volume increase supported the bearish price action, showing confirmation rather than divergence. Turnover increased in line with the volume spike, indicating a strong bearish sentiment in the final hours of the 24-hour window.

Fibonacci Retracements

Applying Fibonacci to the major 5-minute swing from 0.0363 to 0.03556, the price found support near the 61.8% level at 0.03576 before stabilizing. On the daily chart, the move from the high of 0.03705 to the low of 0.03556 saw a pullback near the 38.2% level, but failed to generate a sustained bounce, reinforcing the bearish bias.

In the next 24 hours, a test of the 0.03576 support level could trigger a potential break to 0.03556 if volume remains strong. Investors should watch for a possible retest of the 0.0361-0.0363 resistance area for signs of reversal, but bearish momentum remains dominant for now.