Market Overview for The Graph/Tether (GRTUSDT)

Summary
• Price dropped sharply from $0.0389 to $0.0362 amid heavy selling, forming bearish engulfing patterns.
• RSI hit oversold territory near 30, indicating potential for a short-term bounce.
• Volume surged over 3.5M during the selloff, reinforcing bearish conviction.
• Bollinger Bands widened significantly, signaling increased volatility.
• Fibonacci retracement levels at $0.0367 and $0.0373 may offer near-term support.

Market Overview

The Graph/Tether (GRTUSDT) opened at $0.0388 on 2025-12-22 at 12:00 ET, reached a high of $0.0391, fell to a low of $0.0359, and closed at $0.0366 on 2025-12-23 at 12:00 ET. Total volume for the 24-hour window was 25,819,670, with a notional turnover of approximately $947,000.

Structure and Momentum

Price carved a bearish trend with multiple engulfing and dark cloud cover patterns emerging in the early hours of the 24-hour period. A strong sell-off between 20:00 and 22:45 ET pushed price down past key psychological levels. The RSI indicator reached oversold territory around 30 by the morning session, suggesting short-term relief may follow. However, a sharp reversal in momentum is unlikely without a break above the 50-period moving average.

Volatility and Volume Profile

Bollinger Bands displayed significant expansion during the selloff, reflecting heightened volatility. Volume surged past 3.5 million at key price levels below $0.0370, reinforcing the conviction behind the downward move. A divergence between falling price and volume, however, was observed after 03:00 ET, hinting at potential stabilization.

Support and Resistance Levels

Key support levels include the 23.6% Fibonacci retracement at $0.0367 and the 38.2% level at $0.0373, both of which could offer temporary relief. Resistance remains at $0.0378 and $0.0382, which were previously rejected. The 50-period moving average currently sits at $0.0375, offering a potential pivot for traders to monitor.

In the next 24 hours, a test of the $0.0364 level could trigger a deeper pullback, while a rebound above $0.0373 might attract near-term buyers. Investors should remain cautious as the pair appears susceptible to further swings, especially if broader market sentiment deteriorates.