Market Overview: The Graph/Tether (GRTUSDT) Shows Reversal and Rising Volatility

Summary
• The price of GRTUSDT formed a bullish reversal pattern after hitting a key 5-minute support level near $0.04116.
• Momentum showed signs of weakening as RSI approached overbought territory, suggesting possible profit-taking.
• Volatility expanded sharply in the last 6 hours, with Bollinger Bands widening and price pushing above the upper band.
• Turnover surged by 33% in the final 2 hours of the 24-hour period, confirming upward momentum.
• Fibonacci levels at 0.04219 (61.8%) and 0.04278 (38.2%) appear to be acting as dynamic resistance and support.

The Graph/Tether (GRTUSDT) opened at $0.04269 (12:00 ET – 1), reached a high of $0.04355, and closed at $0.0433 (12:00 ET), with a low of $0.04058. Total 24-hour volume was 13,337,799 and turnover was $548,364.

Structure and Patterns

Price action formed a bullish reversal pattern after a sharp decline to $0.04116, with a strong rebound in the following hours. This level appears to hold as a psychological floor for near-term buyers. A key 5-minute doji formed near $0.04116 at 21:45 ET, signaling indecision before a recovery.

A bullish engulfing pattern was also noted at 09:15–09:30 ET as prices surged from $0.04171 to $0.04198.

Momentum and Volatility

RSI reached overbought territory above 70 in the last 45 minutes, indicating short-term exhaustion. MACD crossed into positive territory with a bearish divergence in histogram strength, suggesting a potential pullback. Bollinger Bands expanded significantly, with the 20-period upper band at $0.04304 and the lower at $0.04121. Price closed at $0.0433, above the upper band, indicating heightened volatility and bullish continuation potential.

Volume and Turnover

Volume surged by 33% during the last 2 hours of the 24-hour period, with the highest turnover observed at 16:45 ET (4.7 million notional value), confirming the upward push. Turnover and volume aligned in the final 5-hour window, indicating strong participation from market participants. No significant divergence was noted between price and turnover in the last 24 hours, suggesting broad consensus in the move.

Fibonacci and Trend Lines

On the 5-minute chart, Fibonacci retracements of the $0.04058 to $0.04355 swing show key levels at 0.04219 (61.8%) and 0.04278 (38.2%). Price held above 0.04219 for the last 3 hours, reinforcing its role as a support. On the daily chart, the 50-period moving average acts as a dynamic floor near $0.0425, which may test its relevance if the current rally continues.

Looking ahead, GRTUSDT may test resistance at the 20-period moving average (~$0.04304) and possibly extend to $0.04355 if buyers remain active. However, a pullback to test the 61.8% Fibonacci level ($0.04219) could occur if short-term momentum weakens. Investors should remain cautious of divergences in RSI and watch for volume confirmation on potential breakouts.