Summary
• Price action broke above a key 5-minute resistance at 0.0394, ending at 0.04046 with strong volume.
• RSI climbed into overbought territory, suggesting potential consolidation or pullback.
• Bollinger Bands expanded, reflecting heightened volatility amid bullish momentum.
• A bullish engulfing pattern formed at the 0.0393–0.0395 level, confirming renewed buying interest.
• Turnover surged past $320,000 at 16:15 ET, aligning with a fresh high of 0.04114.
24-Hour Performance
The Graph/Tether (GRTUSDT) opened at 0.03752 on 2026-01-03 12:00 ET and reached a high of 0.04114 before closing at 0.04046 on 2026-01-04 12:00 ET. The pair traded between 0.03733 and 0.04114, with a total volume of 7,894,287 and turnover of $320,698.
Structure & Price Action
The 24-hour session saw a strong bullish breakout from a key resistance cluster between 0.0394 and 0.0396. A bullish engulfing pattern confirmed the reversal at 0.0393–0.0395. Price then tested and expanded above prior intraday peaks, reaching a high of 0.04114. The 20- and 50-period moving averages on the 5-minute chart are both bullish, with price above both.
Momentum and Volatility
Relative Strength Index (RSI) reached overbought levels near 75, indicating potential near-term pullback. MACD remains positive with a strong histogram, suggesting ongoing momentum. Bollinger Bands have expanded, highlighting increased volatility. Price appears to be consolidating within the upper half of the bands as it approaches the 0.041 Fibonacci extension level.
Volume and Turnover
Volume spiked significantly during the final 3 hours of the session, particularly at the high of 0.04114. This aligns with a $320,698 turnover spike at 16:15 ET, suggesting institutional or large-capacity buying. No significant price-turnover divergence was observed, implying the rally is being supported by strong liquidity.
Outlook and Risk
The 5-minute chart suggests the price could test 0.0408–0.0411 resistance in the next 24 hours, with a possible pullback to 0.0402–0.0398 for consolidation. Investors should remain cautious as overbought RSI conditions may invite profit-taking. A break below 0.0395 could trigger a retest of 0.0390–0.0387 support.
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