Market Overview for The Graph/Tether (GRTUSDT)

Summary
• Price broke key resistance at $0.0375 and surged to a 24-hour high of $0.0384.
• Volume spiked during the morning Asian session, confirming bullish momentum.
• RSI and MACD show overbought conditions, suggesting a potential pullback.
• Bollinger Bands widened, signaling increased volatility in the 24-hour window.
• A large bullish engulfing pattern formed near $0.0375, hinting at a short-term reversal.

At 12:00 ET on January 3, 2026, The Graph/Tether (GRTUSDT) opened at $0.03668, reached a high of $0.0384, and closed at $0.03636 after hitting a low of $0.03628. Total volume was 14,674,946, with a turnover of $537,135.

Structure and Formations

Price tested and broke through a strong resistance level near $0.0375, creating a large bullish engulfing pattern that signaled a short-term reversal. However, a bearish divergence in volume appeared in the final hours, suggesting exhaustion in the rally. Key support levels are forming around $0.0365–0.0368, with a bearish doji emerging around $0.03725 indicating potential hesitation.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages crossed positively early in the session, confirming a short-term uptrend. By the end of the 24-hour window, the 50-period MA was crossing back below the 20-period, signaling potential bearish pressure. RSI reached overbought territory near 70, suggesting a retracement could occur, while the MACD crossed into negative territory during the close, indicating weakening bullish momentum.

Bollinger Bands and Volatility

Bollinger Bands expanded significantly during the price surge, especially between 04:00–05:00 ET, indicating a strong move above the upper band. Price then retracted back into the band range, suggesting volatility may ease in the short term.

Volume and Turnover Analysis

Trading volume surged in the early morning hours, peaking at over 2.5 million contracts, confirming the strength of the bullish breakout. However, turnover failed to rise proportionally during the final 2–3 hours of the session, suggesting waning conviction in the upward move. A divergence between price and volume may signal a near-term reversal.

Fibonacci Retracements

The 38.2% Fibonacci retracement level at $0.0375 provided strong support, which was tested and broken early in the session. Price later retested the 61.8% retracement at $0.0365 before consolidating. This suggests $0.0365 could offer short-term support if a pullback occurs.

Looking ahead, the market may consolidate around $0.0365–0.0375 as the overbought RSI and bearish volume divergence point to a potential retracement. Investors should closely monitor the 20-period moving average for signs of trend continuation or reversal in the next 24 hours.