Market Overview for Gravity/Tether (GUSDT) on 2025-10-03

• Gravity/Tether (GUSDT) traded in a 24-hour range of 0.01024–0.01058, with a bullish bias in the final hours.
• Price formed multiple higher lows and higher highs between 19:00–16:00 ET, signaling a potential bullish continuation.
• A bullish engulfing pattern emerged at 13:45 ET, followed by strong follow-through volume.
• Volatility expanded as the day progressed, with Bollinger Bands widening during the final 5 hours.
• RSI approached overbought territory (75–78) late in the session, suggesting momentum may pause soon.

Gravity/Tether (GUSDT) opened at 0.01024 on 2025-10-02 at 12:00 ET and closed at 0.01057 on 2025-10-03 at 12:00 ET, with a high of 0.01058 and a low of 0.01024. Total 24-hour volume was 6,283,704.0 with a notional turnover of $63.14 million, showing elevated interest. Price action suggests a shift in short-term sentiment toward bullishness.

Structure & Formations

GUSDT displayed a clear bullish trend over the last 24 hours, with a key support level forming at 0.01034–0.01036 and resistance at 0.01046–0.01048. A bullish engulfing pattern formed at 13:45 ET, indicating a potential reversal from bearish to bullish momentum. A bearish doji was visible at 00:15 ET, signaling indecision before a downward correction. Price retested and held above the 0.01036 support level, suggesting strong buying interest below that level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are aligned to the bullish side, with the 20-line above the 50-line. On the daily chart, the 50-period MA is below the 100- and 200-period MAs, indicating a mixed picture between short-term optimism and longer-term caution. The recent price action suggests a potential crossover of the 50- and 100-day MAs in the near term.

MACD & RSI

The MACD turned positive after 18:00 ET, forming a bullish crossover, while the histogram showed increasing momentum. The RSI climbed to the 75–78 range in the final 3 hours, indicating overbought conditions, suggesting a possible pause in the rally. However, the RSI did not show a bearish divergence during the rally, indicating strong conviction in the move higher. The MACD remains a key signal for continuation or reversal.

Bollinger Bands

Bollinger Bands showed a constriction in volatility during the early hours of the session, followed by a sharp expansion after 19:00 ET as price surged higher. Price remained within the upper band for much of the session, especially after 15:45 ET, suggesting a high-volatility bullish trend. The widening of the bands indicates increasing uncertainty and potential for further movement in either direction, though the direction remains bullish for now.

Volume & Turnover

Volume increased sharply after 19:00 ET, with over 1.5 million contracts traded between 13:45–16:00 ET. Notional turnover also increased, with the largest turnover spike at 15:45 ET ($1.17 million) and 13:45 ET ($1.08 million). Volume and price moved in tandem, confirming the bullish breakout. No significant divergences were observed between volume and price action, suggesting the momentum is well supported.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.01036 to 0.01058, the 38.2% level at 0.01047 and 61.8% at 0.01051 were key levels. Price showed rejection at the 0.01051 level, suggesting it may be a short-term resistance. The retracement levels may also be used as profit-taking or entry triggers for short-term traders.

Backtest Hypothesis

Given the observed bullish pattern and strong volume confirmation, a backtest strategy could be constructed using the 15-minute timeframe. A long entry could be triggered on a bullish engulfing candle with volume above the 15-period moving average. A stop-loss could be placed below the 61.8% Fibonacci level, and a take-profit at the 0.01051 resistance. Given the recent momentum, this approach could be backtested for intraday scalping or holding over 2–4 hours. The key is aligning the strategy with the identified volatility expansion and MACD confirmation.