Market Overview for The Graph/Tether (GRTUSDT) on 2025-11-10

Summary• GRTUSDT opened at 0.0655 and closed at 0.06704, with a high of 0.07069 and low of 0.06483.
• Price showed a strong bullish bias with volume peaking in the late morning ET.
• RSI suggests overbought levels, while Bollinger Bands show moderate volatility expansion.

GRTUSDT experienced a 24-hour range from 0.06483 to 0.07069, closing at 0.06704 after opening at 0.0655. The total trading volume was approximately 48.3 million units, with a notional turnover of ~$3.38 million, suggesting active participation in the market. Price action indicates a shift in momentum from bearish to bullish, with a late-day breakout above key resistance levels.

Structure & Formations

Price found initial resistance near 0.0665–0.0668, with a bearish reversal forming in the 17:00–19:00 ET window. This was followed by a bullish continuation pattern as price broke above 0.0679–0.0684 in the early hours of 2025-11-10. A potential support level emerged around 0.0670–0.0672, as seen in the 15:00–17:00 ET session. A bullish engulfing pattern emerged during the 00:30–00:45 ET hour, signaling a strong reversal from bearish to bullish bias.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA in the 01:00–03:00 ET session, reinforcing the bullish trend. On the daily chart, price remains above the 50-period SMA and is approaching the 100- and 200-period SMAs. This suggests short-term bullish momentum with potential for further consolidation into a longer-term uptrend.

MACD & RSI

The MACD crossed into positive territory early in the morning and maintained momentum until around 08:30–10:00 ET, before diverging slightly with price. RSI reached overbought territory above 70 in the early hours, particularly during the 03:30–05:00 ET session, which may indicate short-term exhaustion of the bullish momentum. However, strong volume suggests the trend is not yet in danger of reversal.

Bollinger Bands

Volatility expanded significantly after 01:00 ET, with price moving outside the upper band during the 03:00–05:00 ET session. This is consistent with a breakout and continuation pattern. Price later retracted within the bands between 08:30–10:00 ET, suggesting a temporary consolidation before resuming the upward trend.

Volume & Turnover

Volume increased sharply during the 00:45–01:00 ET and 02:45–03:00 ET sessions, coinciding with key breakouts above prior resistance levels. This volume confirmed the strength of the bullish move. However, the late-morning volume (10:30–11:45 ET) shows signs of easing, which may signal a short-term pullback or sideways movement in the near term.

Fibonacci Retracements

Key Fibonacci levels from the swing low of 0.06483 to the swing high of 0.07069 include 0.0675 (61.8%) and 0.0681 (78.6%). The current price of 0.06704 is close to the 50% retracement level. A move above 0.0675 would confirm bullish momentum and open the door for testing the 78.6% level. A breakdown below 0.0659 could retest the 38.2% level and potentially challenge the 61.8% level in a bearish direction.

Backtest Hypothesis

The backtesting strategy referenced earlier requires confirmation of the correct ticker symbol. The initial system query for “GRTUSD.UDC” was invalid. The correct ticker for GRT/Tether on Binance is typically “BINANCE:GRTUSDT” or “GRTUSDT.USDT” depending on the data source. Once the correct ticker is confirmed, a potential backtesting strategy could involve using RSI (14) and moving average crossovers (e.g., 20/50) to identify overbought or oversold conditions and generate buy/sell signals. Given today’s price action and RSI divergence, this strategy may have caught the morning breakout but could now signal caution as overbought conditions persist.