Market Overview for The Graph/Tether (GRTUSDT): Key Support Held, Momentum Rebuilding

Summary
• Price formed key support at 0.0413–0.0415, rejecting further downside.
• A bullish engulfing pattern emerged near 0.0418, hinting at potential reversal.
• RSI bottomed at oversold 28, while volume spiked during consolidation.
• Volatility expanded as price widened Bollinger Band range post-04:00 ET.
• Turnover increased by 67% during the final 6 hours, signaling renewed interest.

The Graph/Tether (GRTUSDT) opened at 0.04364 on 2026-01-09 12:00 ET, reaching a high of 0.04413 and a low of 0.04131 before closing at 0.04212 on 2026-01-10 12:00 ET. Total volume was 35,809,242.0 and turnover stood at 1,500,915.4 USD for the 24-hour period.

Structure & Formations

Price action on GRTUSDT displayed a critical support zone between 0.0413 and 0.0415, where buying interest appeared to firm price after a sharp decline overnight. A bullish engulfing pattern emerged at 0.0418, indicating a potential short-term reversal. A doji formed at 0.04136, signaling indecision and a potential bottoming process.

Moving Averages and Momentum

On the 5-minute chart, the 20-period moving average dipped below the 50-period line early in the session, indicating short-term bearish momentum. However, this bearish signal reversed in the final hours as price began to align with the 20-period line. RSI bottomed at 28, signaling oversold conditions, and has since begun to climb, suggesting a potential recovery.

Volatility and Bollinger Bands

Volatility expanded significantly during the 04:00–07:00 ET window as price widened the Bollinger Band range. Price closed near the upper band at 0.04212, showing strength in the final hours. The contraction of bands earlier in the session suggested a period of consolidation before the breakout.

Volume and Turnover

Volume spiked during the 03:00–06:00 ET period, with a 67% increase in notional turnover. Price and volume aligned during this time, confirming the strength of the 0.0413–0.0415 support zone. The final 6 hours saw a sharp rise in buying interest, with turnover accounting for 60% of the 24-hour total.

Fibonacci Retracements

Fibonacci levels highlighted key retracement zones following the overnight decline. Price found support at the 38.2% level (0.0415), with a possible test of the 61.8% level (0.0418) expected if the recent bullish momentum continues.

The recent price action suggests GRTUSDT may test key resistance at 0.0425–0.0427 in the next 24 hours if buyers continue to step in near the 0.0418–0.0421 level. However, a breakdown below 0.0415 could reignite bearish pressure and extend the current bear trend. Investors should remain cautious and monitor volume behavior for confirmation.