Market Overview for Gravity/Tether (GUSDT) as of 2025-11-08

Summary
• Gravity/Tether (GUSDT) rallied 0.57% in 24 hours, with a bullish bias after forming a bullish engulfing pattern in midday trading.
• Volatility expanded through 18:00 ET, with volume surging to 5.26 million, confirming a breakout attempt above 0.0069.
• RSI entered overbought territory, while MACD showed divergence, suggesting a potential pullback despite rising price.

Gravity/Tether (GUSDT) opened at 0.00673 on 2025-11-07 at 12:00 ET, hit a high of 0.00703, a low of 0.0067, and closed at 0.00687 by 12:00 ET-1 the following day. Total volume for the 24-hour period was 53,303,720, with notional turnover reaching $374.4 million (assuming USD-based calculation).

Structure & Formations

GUSDT formed a bullish engulfing pattern between 18:00 and 19:00 ET, confirming a short-term reversal from bearish to bullish bias. Key support levels appear at 0.00685 and 0.00676, with resistance forming at 0.00701 and 0.00703. A doji formed at 03:45 ET, signaling indecision. The price found temporary resistance at 0.00701 multiple times, suggesting a consolidation phase after the breakout attempt.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price by 20:30 ET, reinforcing the bullish momentum. On the daily chart, the 50-period MA sits at 0.00687, aligning with the closing price, indicating a potential sideways consolidation phase. The 200-period MA at 0.00675 offers strong support.

MACD & RSI

MACD showed a bullish crossover at 18:30 ET, with positive divergence in the final 6 hours, suggesting continued upside potential. RSI hit overbought territory above 70 during the 03:00–05:00 ET window and remained elevated, signaling caution. The RSI divergence at the end of the session may hint at a pullback in the near term.

Bollinger Bands

Volatility expanded between 17:00 and 20:00 ET, with the price reaching the upper Bollinger band at 0.00701. A contraction was observed from 06:00 to 09:00 ET, signaling a consolidation phase. Price has remained above the 20-period SMA inside the upper band, indicating a bullish trend.

Volume & Turnover

Volume spiked to 5.26 million at 17:45 ET, correlating with a breakout above 0.0069 and confirming bullish conviction. A divergence emerged in the last 3 hours of the session, as volume declined while price remained near highs, suggesting distribution pressure. Notional turnover peaked at $37.4 million during the 17:45–18:00 ET window, aligning with the highest price of the session.

Fibonacci Retracements

The 38.2% Fib level at 0.00689 was tested at 05:00 and 07:00 ET, offering temporary support. The 61.8% Fib at 0.00694 acted as resistance during the 20:30–21:00 ET window. On the daily chart, the 50% Fib level aligns with the current price, suggesting a potential continuation of the bullish trend if this level holds.

Backtest Hypothesis

To confirm the technical signals observed in this session, a backtesting strategy could be applied using the “Morning Star” candlestick pattern on a supported ticker. This strategy would involve identifying buy signals when the pattern forms and holding for 5 days. A re-run using a validated ticker would enable testing from 2022-01-01 to present, offering insights into the pattern’s effectiveness under current market conditions.