Market Overview: The Graph/Tether (GRTUSDT) 24-Hour Technical Summary

Summary
• Price dropped from $0.0417 to $0.04056 amid increasing volume.
• Oversold RSI and strong bounce above 0.0415 suggest potential reversal.
• Volatility expanded with price rebounding from 20-period MA support.
• Volume surged during early AM rebound, confirming bullish momentum.
• Key resistance appears at 0.0418, with support near 0.0405–0.0408.

The Graph/Tether (GRTUSDT) opened at $0.0417, reached a high of $0.04292, dipped to a low of $0.0404, and closed at $0.04056 as of 12:00 ET. The pair recorded a total volume of 36,981,086.0 and turnover of 1,551,627.39 during the 24-hour period.

Structure & Candlestick Patterns

Price tested key support levels multiple times, with a critical bounce emerging above the 20-period moving average on the 5-minute chart. A bullish engulfing pattern formed after the 0.0405 level held, signaling short-term reversal potential.

MACD and RSI Analysis

The RSI hit oversold territory below 30 near the session low, indicating potential exhaustion in the downside. Meanwhile, the MACD showed a narrowing bearish divergence as price dipped, hinting at waning bear momentum and possible reversal.

Bollinger Bands and Volatility

Volatility expanded significantly during the rebound phase, with price closing near the upper band of the Bollinger Bands after a consolidation period. This suggests increased buying interest and a shift in sentiment.

Volume and Turnover Insights

The strongest volume surges occurred during the 03:30–05:00 ET and 07:00–09:00 ET periods, coinciding with the strongest price bounce. Notional turnover spiked as price moved above key resistance, confirming bullish momentum.

Fibonacci Retracements

A key Fibonacci level at 0.0415 (38.2% retracement of the prior bear wave) held as support. The 61.8% level at 0.0408 could act as a critical near-term floor if the rally fails.

Traders may monitor the 0.0418 resistance and 0.0408 support for confirmation of a potential reversal trend. While the bounce appears constructive, risks remain elevated if volume fails to confirm a sustained move above key resistance.