Market Overview: The Graph/Tether (GRTUSDT) - 2025-10-31

• The Graph/Tether (GRTUSDT) traded in a tight range before surging above 0.0610, with a late-day breakout above 0.0620.
• Momentum picked up significantly in the final 6 hours of the session, with strong volume and higher highs.
• Volatility expanded after 00:00 ET, as prices broke out of a consolidation pattern.
• RSI surged into overbought territory near 70, suggesting potential for a pullback or continuation.
• Bollinger Bands widened in the final hours, indicating increased volatility and potential continuation.

The Graph/Tether (GRTUSDT) opened the 24-hour period at 0.06035 on 2025-10-30 12:00 ET and traded as high as 0.06253 before closing at 0.06234 on 2025-10-31 12:00 ET. The pair experienced a 15-minute breakout near the end of the session, surging above key resistance. Total volume for the period amounted to 70,238,455.0, with a notional turnover of approximately $4,266,485.50.

The 15-minute chart reveals a consolidation pattern between 0.0595 and 0.0608 for most of the session, punctuated by a strong reversal near 00:00 ET as prices surged toward 0.0610. A key bullish engulfing pattern formed after 00:00 ET, followed by a long white candle breaking through 0.0620. The 20-period and 50-period moving averages were below the closing price, suggesting bullish momentum. The 50-period line crossed the 100-period on the daily chart, indicating a potential shift in trend.

Bollinger Bands contracted during the mid-session consolidation but expanded significantly during the breakout, with prices closing near the upper band. This suggests a period of low volatility was followed by a sharp increase. RSI hit 70 in the final hour, indicating overbought conditions and the potential for a retracement. MACD showed a positive crossover with a strong histogram, supporting the bullish case. Notable Fibonacci retracements (38.2% and 61.8%) aligned with key support and resistance levels during the late surge.

Volume and notional turnover both spiked in the final 6 hours, confirming the breakout. A divergence in volume occurred between 05:00 and 06:00 ET, where prices dipped slightly but volume remained strong. This may indicate buying pressure in the face of minor pullbacks. The price-to-turnover relationship was largely aligned, with both increasing during the final hours.

The breakout above 0.0620 may see continued bullish momentum in the next 24 hours, particularly if 0.0625 (23.6% Fib extension) is taken out. However, traders should remain cautious of a pullback toward 0.0615 as a potential support zone. The RSI overbought condition and expanding Bollinger Bands may hint at either consolidation or a continuation, depending on order flow.

Backtest Hypothesis
The back-test has been completed, and key notes indicate that the strategy was based on directional trading using close price data. No additional risk-control parameters were applied, as none were specified. The observed late-session breakout and aligned volume suggest a potential opportunity for a long bias in the next 24 hours. If prices retest 0.0620 with strong volume, it could confirm a continuation of the trend, making it a viable entry point.