Market Overview: The Graph/Tether (GRTUSDT) on 2025-12-27

Summary
• GRTUSDT formed a bullish reversal pattern near 0.03635 following early morning consolidation.
• Price pushed above 0.03710 resistance with strong volume, hitting a 24-hour high of 0.03748.
• RSI and MACD showed growing bullish momentum, with RSI approaching overbought territory.
• Bollinger Bands expanded during the afternoon surge, indicating rising volatility.
• Volume surged to 910,240 at 16:30 ET, confirming strength in the move above 0.0374.

The Graph/Tether (GRTUSDT) opened at 0.03635, reached a high of 0.03748, and closed the 24-hour window at 0.03733 after hitting a low of 0.03628. Total volume exceeded 910,240, with notional turnover surpassing $34,000 at the peak of the rally.

Structure & Formations

The price action displayed a clear bullish breakout from a morning consolidation pattern around 0.03635–0.0364. A bullish engulfing pattern formed at the 0.03634–0.03636 level around 02:00 ET, followed by a strong rally through the 0.0367 and 0.0370 psychological levels. A 5-minute bearish doji near 0.03670 at 13:30 ET briefly stalled the momentum, but the price quickly resumed its upward bias. Key support levels were identified at 0.0365 (tested multiple times) and 0.03635, while resistance levels at 0.0367, 0.0370, and 0.0374 were successfully breached.

Trend & Moving Averages

On the 5-minute chart, the price closed above the 20- and 50-period moving averages, reinforcing the short-term bullish trend. The 50-period line moved upward throughout the session, aligning with the overall upward momentum. On the daily chart, no 50/100/200 MA data was provided, but the intraday rally suggested a potential shift in sentiment from sideways to bullish.

Momentum and Oscillators

The RSI moved steadily higher, reaching 68 at the close, signaling strong bullish momentum and nearing overbought territory. The MACD crossed above the signal line in the morning and maintained positive divergence through the afternoon, with the histogram expanding during the 16:00–17:00 ET rally. No overbought divergence was observed yet, but continued buying may push the RSI beyond 70, triggering caution for traders.

Volatility and Bollinger Bands

Bollinger Bands contracted slightly in the early morning but expanded significantly during the afternoon breakout, as price surged past the upper band at 0.03748. This expansion indicated rising volatility and confirmed the strength of the move. The price remained within the bands for most of the session, but the late-day spike pushed it slightly above the upper boundary, suggesting a continuation of the bullish phase could follow if volatility remains.

Volume and Turnover

Volume was a key driver of the rally, with the highest 5-minute volume spike occurring at 16:30 ET (910,240), accompanied by $3,404.74 in turnover. This was in line with the price breakout above 0.0374, confirming the move. No significant divergence between price and volume was observed. The volume profile skewed to the right, showing increasing buying pressure in the latter half of the session.

Fibonacci Retracements

Applying Fibonacci retracements to the morning consolidation and afternoon breakout, the price found support at the 0.03665 (38.2%) and 0.03635 (61.8%) levels before resuming the upward move. The 50% level at 0.0367 served as a key inflection point, with the price breaking above it with strong volume.

The forward-looking bias is cautiously bullish, with the key level to watch being 0.03748. A break above this may attract further buyers, but a retest of this level could reveal its durability. Traders should remain cautious of a potential pullback to 0.0367–0.0369 for consolidation or a minor correction.