Market Overview for Gravity/Tether (GUSDT) – 2025-09-22

• Gravity/Tether (GUSDT) declined sharply overnight, forming a bearish breakdown below key support zones.
• Volatility expanded significantly after 02:00 ET as price dropped nearly 3.7% within 4.5 hours.
• Momentum indicators turned deeply oversold by mid-morning, suggesting potential short-term stabilization.
• Volume surged during the downtrend, confirming the bearish move but showing no immediate signs of reversal.
• Fibonacci retracement levels suggest possible consolidation near 0.0101–0.0102 before a continuation.

Gravity/Tether (GUSDT) opened at 0.01107 on 2025-09-21 at 12:00 ET and closed at 0.01016 at 12:00 ET on 2025-09-22. The pair reached a high of 0.0111 and a low of 0.00995, with total volume of 140,166,032.0 and a notional turnover of approximately $1,421,391. The price action revealed a significant bearish bias during the overnight session, with a strong breakdown in volatility and price.

Structurally, the price formed a key bearish breakdown below the 0.01093 support level, which had previously acted as a minor floor. A bearish engulfing pattern was evident during the 02:30–03:45 ET period, with a large bearish candle confirming the breakdown. Further support levels to watch are 0.01010 (Fibonacci 61.8% of the overnight move) and 0.01005 (psychological level). Resistance appears consolidated near 0.01043 (previous low from the breakdown), which could test buying interest if a rebound occurs.

The 20 and 50-period moving averages on the 15-minute chart have been bearish throughout the session, with the 50-period MA acting as a dynamic resistance. Bollinger Bands showed a significant expansion during the downturn, with price trading near the lower band by 04:30 ET. The RSI indicator reached oversold territory (below 25) by 05:15 ET, indicating potential for a short-term bounce. However, the MACD line crossed below the signal line, reinforcing bearish momentum. Divergences between volume and price were not observed during the bounce attempts, suggesting that the bearish trend may continue in the near term.

The Fibonacci retracement levels drawn from the overnight low (0.00995) to the high (0.0111) highlight key retracement levels: 0.0101 (38.2%), 0.0102 (61.8%), and 0.01035 (78.6%). These levels could serve as potential consolidation zones before a further bearish leg. On the daily chart, the 50 and 200-period MAs are bearish, with price trading below both, indicating a medium-term bearish bias. A break below 0.01005 would likely extend the downward trajectory toward 0.00985 and 0.00975, with the 200-day MA providing additional resistance.

Backtest Hypothesis
A potential backtest strategy could focus on a short entry triggered by a bearish engulfing pattern combined with a break below a key Fibonacci support level and RSI entering oversold territory. A stop-loss could be placed slightly above the 0.01030 level, while the initial target is 0.00990 (25% of the overnight move). The strategy would aim to capture the continuation of the bearish trend, with a time horizon of 2–4 hours. This approach leverages a confluence of price action, Fibonacci levels, and momentum indicators to filter high-probability trades in a trending environment.