Market Overview for The Graph/Tether USDt (GRTUSDT): Consolidation and Mixed Momentum

• The Graph/Tether USDt (GRTUSDT) traded in a narrow 24-hour range, with price action consolidating between 0.0938 and 0.1022.
• Momentum indicators show a mixed signal, with RSI hovering near neutral and MACD suggesting waning bullish pressure.
• Volume surged during the overnight hours, but failed to confirm a breakout above 0.1000.
• Bollinger Bands show a moderate expansion, suggesting increased short-term uncertainty.
• A key resistance at 0.0995 appears to be holding, with Fibonacci 61.8% level near 0.0983 potentially acting as support.

The Graph/Tether USDt (GRTUSDT) opened on 2025-09-09 at 0.0944 and traded as high as 0.1022 before closing at 0.0984 on 2025-09-10 at 12:00 ET. Total volume over the 24-hour period was 202,821,981. Total turnover (notional value) amounted to $19,272,641. Price action was range-bound, with a series of bullish and bearish 15-minute candles forming no strong directional bias.

Structure & Formations

Price action over the past 24 hours formed a tight consolidation pattern between key support at 0.0975 and resistance at 0.1000. A notable bearish engulfing pattern emerged around 00:30 ET, confirming a short-term pullback. A series of doji patterns between 04:00 and 06:00 ET signaled indecision among traders. The most recent high at 0.1022 was followed by a strong pullback, indicating that the market is struggling to find conviction above 0.1000. A bullish harami formed at the 24-hour close, suggesting a possible short-term bottoming process.

Moving Averages

On the 15-minute chart, the price has been trading below the 20-period moving average for most of the period, with a recent retest of the 50-period line at 0.0982. On the daily chart, the 50-period MA (0.0976) and 200-period MA (0.0950) remain aligned in a bullish configuration, indicating a longer-term bullish bias. However, the 100-period MA at 0.0968 has limited the upside potential, creating a potential support/resistance cluster between 0.0975 and 0.0985.

MACD & RSI

The MACD line has been in negative territory for most of the 24-hour period, with the histogram showing a recent contraction. This suggests that bearish momentum is waning, but not yet fully reversed. The RSI (14) has been oscillating between 50 and 60, indicating a neutral-to-bullish market mood, but with no clear overbought or oversold conditions. A potential divergence in RSI occurred after the 0.1000 level was rejected, which could hint at a near-term reversal.

Bollinger Bands

Volatility has expanded as the Bollinger Bands have widened to 0.0036, with price currently trading near the middle band at 0.0984. The upper band sits at 0.1000, and the lower at 0.0968. The price has spent most of the time in the middle third of the bands, suggesting that the market is in a phase of consolidation. A sustained move above or below the bands could signal a breakout or breakdown.

Volume & Turnover

Volume spiked to 25.7 million at 00:30 ET as the price pulled back sharply from 0.1000 to 0.0981, but no follow-through occurred. Turnover increased during this period but did not confirm the bearish move. A volume divergence is visible between the 0.0995 level and the 0.0985 level, indicating waning buying pressure. The most recent bullish candle at 03:30 ET had strong volume but failed to extend the upward move, suggesting resistance is holding.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent swing high (0.1022) and swing low (0.0963), the 38.2% retracement is at 0.0989 and the 61.8% at 0.0975. Price appears to have found a temporary floor near 0.0984, aligning with the 61.8% level. This suggests that 0.0975 could serve as a critical support level in the event of a further decline, while 0.0995 remains a key resistance to watch for a potential breakout.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions upon a confirmed break above the 0.0995 resistance level with confirmation in the form of a bullish engulfing candle and a surge in volume. Stop-loss placement could be set just below the 0.0983 Fibonacci level, while the take-profit target could be aligned with the 0.1000 upper Bollinger Band. This strategy would aim to capture a short-to-medium term bullish reversal, assuming the market remains within the identified volatility range and does not break out to a larger trend.