Market Overview for The Graph/Tether (GRTUSDT): Bullish Momentum and Strong Confirmation

• The Graph/Tether (GRTUSDT) advanced from 0.0929 to 0.097, with strong momentum in the final 12 hours.
• Volume surged to 3.77 million in the 15-minute timeframe, confirming bullish price action.
• A 5.1% gain was achieved, with RSI trending into overbought territory near 75.
• Key support at 0.0924 held, and price closed above the 20-period MA.
• Volatility expanded as price traded near the upper Bollinger Band.

The Graph/Tether (GRTUSDT) opened at 0.0929 on 2025-09-17 at 12:00 ET and closed at 0.097 on 2025-09-18 at 12:00 ET, reaching a high of 0.097 and a low of 0.0924. The pair recorded a total trading volume of 11,728,435.0 and a total notional turnover of approximately $1,139,432 (calculated using the "amount" as the notional volume and price at close). The price trended higher in the final 12 hours of the period, with strong volume confirmation.

In terms of structure and candlestick patterns, the formation of a bullish engulfing pattern was observed during the 15-minute session on 2025-09-17 at 20:00 ET to 20:15 ET, where the price surged from 0.0957 to 0.0964. A doji formed at 00:45 ET on 2025-09-18, indicating indecision but without a reversal. Key support levels were identified at 0.0924 and 0.0931, both of which held during the period. The price appears to be consolidating above the 0.0950 psychological level.

The 20-period and 50-period moving averages on the 15-minute chart were both bullish and in a positive alignment, with the 20-period MA above the 50-period MA. On the daily chart, the 50-period MA was trending upward, while the 200-period MA acted as a medium-term support. The MACD line crossed above the signal line near the end of the period, signaling increasing bullish momentum. The RSI rose to overbought territory (~75), suggesting a potential correction could be due unless further buying pressure emerges.

Bollinger Bands displayed an expansion in the last six hours of the period, as the price traded near or above the upper band, signaling increased volatility. The 15-minute chart saw a retest of the upper band in the final hour, with the price closing near its peak. This suggests the market was in a high-volatility environment and that short-term traders may have been capitalizing on breakouts. The narrow bands earlier in the day indicated a period of consolidation, followed by a decisive upward move.

The total volume over the 24-hour period was 11,728,435.0, with the most significant spike occurring at 19:30 ET on 2025-09-17, where volume hit 599,092.0, coinciding with a 0.095 to 0.0949 price move. Turnover was also significant in this period, aligning with the price rise. A divergence in volume was noted during the 02:30 ET session on 2025-09-18, where volume declined despite a moderate price rise from 0.0969 to 0.0969—suggesting caution in buyers. However, volume and price action generally confirmed the bullish bias, especially after 22:00 ET when the price surged above 0.097.

Fibonacci retracement levels were applied to the key swing from 0.0924 to 0.097, identifying the 61.8% retracement at ~0.0952 and the 38.2% retracement at ~0.0946. The price tested the 61.8% level on several occasions, most notably at 20:30 ET, where it bounced higher. This suggests that buyers were active in the 0.0950–0.0952 range. On the daily chart, the 61.8% Fibonacci level of the previous week’s major move also aligned with key support at 0.0941, which held during the period.

Backtest Hypothesis
A potential backtest strategy for this asset could involve identifying bullish engulfing patterns followed by a confirmed breakout above the 20-period MA on the 15-minute chart. If this breakout is accompanied by above-average volume and a RSI reading above 55, an entry could be triggered with a stop-loss placed just below the pattern’s low. A target could be set at the 61.8% Fibonacci extension of the bullish move. Given the recent performance of GRTUSDT, this setup appears valid and could be backtested for consistency across similar setups in the last 30 days.