Market Overview: The Graph/Tether (GRTUSDT)

Summary
• Price tested 0.0374–0.0378 resistance cluster, consolidating near 0.0378 at 12:00 ET.
• RSI remains neutral, indicating no strong overbought or oversold signals.
• Volatility dipped slightly, with price hovering within Bollinger Bands.
• Volume spiked in late evening ET, coinciding with a pullback from 0.03786 high.

The Graph/Tether (GRTUSDT) opened at 0.03755 on 2025-12-17 at 12:00 ET, reached a high of 0.03819, a low of 0.03633, and closed at 0.03778 at 12:00 ET on 2025-12-18. Total volume for the 24-hour period was 35,527,823.0, with a notional turnover of approximately $13,463,670.

Structure & Formations

Price action exhibited a bearish consolidation pattern after reaching 0.03819, with a failed breakout above the 0.03786 level. A small bullish engulfing pattern emerged at 0.03779–0.03784 in the early morning ET, suggesting a short-term attempt at reversal. A doji near 0.03783 in the early afternoon ET indicated indecision and potential exhaustion of bullish momentum. Key support is now at 0.03750–0.03760, and resistance remains at 0.03780–0.03785.

Moving Averages

On the 5-minute chart, price closed above the 20-period moving average (0.03773) but slightly below the 50-period moving average (0.03781), suggesting a sideways bias. On the daily chart, the 50-period SMA at 0.03765 and 200-period SMA at 0.03740 suggest that the pair is trading in a tight range, with no clear directional bias.

MACD & RSI

The 12:00 ET close saw the MACD line at 0.00003, with the signal line at 0.00002, indicating a very tight balance between bullish and bearish momentum. The RSI closed at 54, indicating a neutral zone,

indicating no signs of overbought or oversold conditions. A moderate divergence in volume and price during the pullback to 0.03773 suggests possible weakening of the downward trend.

Bollinger Bands

Volatility has remained moderate, with the 20-period Bollinger Bands expanding slightly from a low of 0.03699 to a high of 0.03819. Price has spent most of the 24 hours near the mid-band, indicating a consolidation phase. A potential breakout or breakdown could be imminent if the current range is tested again.

Volume & Turnover

Volume increased notably in the late evening and early morning ET, with over 1.3 million contracts traded in the 13:45–14:00 ET timeframe during the initial 0.03786 high. However, volume dropped off during the afternoon ET pullback, suggesting a lack of conviction in the short-term downward move. The notional turnover peaked at $223,500 and has since declined, showing reduced aggressive positioning from traders.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 5-minute swing from 0.03633 to 0.03819, the 38.2% level at 0.03730 and 61.8% level at 0.03777 were both tested during the session. The 61.8% level appears to have served as a short-term support, with price rebounding from it twice during the consolidation phase.

If price tests 0.03775–0.03780 in the next 24 hours, a breakout attempt could signal the next leg in either direction. However, the risk remains of further consolidation or a sharp pullback if volume fails to confirm the move. Investors should closely watch the 0.03785 level for signs of renewed momentum.