Summary
• Price surged from 0.03997 to 0.04431, forming a bullish breakout with strong volume confirmation.
• RSI and MACD show positive momentum, with RSI near overbought and MACD above zero.
• Bollinger Bands widened, reflecting increased volatility as price traded near the upper band.
• Volume spiked in late morning ET, with turnover aligning with the price high.
• A bullish engulfing pattern formed near 0.0402, signaling a reversal from earlier bearish pressure.
24-Hour Price and Volume Performance
The Graph/Tether (GRTUSDT) opened at 0.03997 on January 16, 2026, and surged to a 24-hour high of 0.04431 before closing at 0.04346 on January 17 at 12:00 ET. The pair traded between 0.03997 and 0.04431, with total volume reaching 30,002,339.0 and notional turnover of 1,282,146.39.
Structure and Momentum
The daily move showed a strong bullish bias, with a key breakout above 0.042 and a follow-through to 0.04431. A bullish engulfing pattern formed near 0.0402 on the 5-minute chart, suggesting a reversal from earlier bearish pressure. RSI hit levels near 80, indicating overbought conditions, while MACD remained above zero with a positive histogram, suggesting continued upward momentum.
Volatility and Volume
Bollinger Bands showed increased volatility, with price pushing near the upper band during the breakout. Volume surged in the 9:15–9:30 AM ET window, coinciding with the move to 0.04431, and remained above average throughout the session. Notional turnover aligned with the volume surge, suggesting strong participation.
Key Levels and Patterns
Support levels emerged around 0.0431–0.0434, while resistance formed at 0.0441–0.0443. A Fibonacci 61.8% retracement of the recent bullish move aligns near 0.0437, acting as a potential short-term pivot. On the 5-minute chart, price action formed a rising wedge pattern toward the high, suggesting a continuation of the bullish trend if the breakout holds.
The price may consolidate near current levels ahead of a potential test of 0.0445. Investors should monitor for a reversal below 0.0431, which could trigger a pullback.
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