Market Overview: The Graph/Tether (GRTUSDT)

Summary
• Price advanced 5.5% from $0.04068 to $0.04219 amid rising volume.
• Key resistance appears at $0.0422–$0.0425; support at $0.0415–$0.0418.
• Momentum indicators suggest overbought conditions near recent highs.
• Bollinger Bands show moderate expansion, suggesting heightened volatility.
• Volume and turnover aligned with bullish breakouts in late ET trading.

The Graph/Tether (GRTUSDT) opened at $0.04068 at 12:00 ET-1, reaching a high of $0.04225 before closing at $0.04219 at 12:00 ET. The 24-hour low was $0.04041. Total traded volume was 37,529,609.0 and notional turnover reached $1,597,865.56.

Structure and Formations

Price action displayed a bullish breakout above $0.0422, supported by a strong 5-minute bullish engulfing pattern at 11:30–12:00 ET. A key support zone is between $0.0415 and $0.0418, where buyers appear to have intervened on multiple occasions.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed upward during the breakout, reinforcing the bullish bias. The price has remained above both, indicating short-term strength.

Momentum and Volatility

MACD showed a positive divergence with a bullish crossover, while RSI peaked near 75, signaling overbought conditions. Bollinger Bands expanded moderately, reflecting increased volatility, with price currently near the upper band.

Volume and Turnover

Volume spiked during the late ET session, especially from 14:15 to 15:30 ET, coinciding with the move above $0.0422. Turnover confirmed this with a surge in notional value, suggesting strong conviction among buyers.

Key Levels and Fibonacci

Fibonacci levels from the $0.04048 to $0.04225 move highlight potential retracement levels at $0.04135 (38.2%) and $0.04095 (61.8%). Resistance remains intact at $0.0422–$0.0425.

Price may test resistance at $0.0425 in the next 24 hours if buyers maintain momentum, but a pullback to $0.0418–$0.0420 could indicate consolidation. Investors should monitor for signs of bearish reversal patterns or a breakdown below $0.0415 as a risk caveat.