Summary
• Gravity/Tether (GUSDT) traded in a 24-hour range of 0.00436–0.00464 with key support confirmed at 0.00440.
• A strong breakout above 0.00447 failed, followed by a rapid pullback and consolidation below 0.00445.
• Volume spiked significantly around 11:15–11:30 ET, indicating intense buying and selling pressure.
• RSI moved into overbought territory mid-day but reversed sharply, signaling potential near-term exhaustion.
• Price remains within Bollinger Band mid-range with no clear directional bias in the 24-hour window.
Gravity/Tether (GUSDT) opened at 0.00441 at 12:00 ET-1, reached a high of 0.00464, a low of 0.00436, and closed at 0.00445 at 12:00 ET. Total 24-hour volume was 137,396,716.0, with notional turnover of 602,652.00. The session saw sharp intraday volatility and a failed rally above 0.00447, followed by a quick reversal and consolidation.
Structure & Formations
Price tested key resistance at 0.00447 twice, failing to hold above it after sharp volume surges.
. A large bearish engulfing pattern formed around 11:30 ET after reaching overbought RSI levels, suggesting exhaustion in the rally. Support at 0.00440–0.00442 appears firm, with a bullish pinbar forming in the late afternoon.
Moving Averages & Momentum
A 50-period 5-min moving average crossed above the 20-period line briefly in the mid-morning, suggesting short-term bullish momentum, but failed to hold. The 200-period daily MA remains above the 50-period line, indicating a bearish bias at the longer-term horizon. RSI spiked into overbought territory in the early afternoon but reversed quickly, signaling potential short-term topping activity.
Volatility and Bollinger Bands
Volatility expanded significantly during the breakout attempt at 11:15–11:30 ET, with price reaching the upper Bollinger Band. Following the failed break, volatility compressed and price settled within the mid-bands, indicating indecision. The 5-minute band width suggests a potential for renewed directional movement if key levels break.
Volume and Turnover
Volume spiked dramatically during the 11:15–11:45 ET period, with the 11:30 ET candle showing the highest volume (29,899,083.0) and turnover (136,568.85). Price and turnover were aligned during the breakout but diverged during the reversal, indicating strong bearish conviction.
Fibonacci Retracements
A key 50% Fibonacci retracement level sits at 0.004445, which was tested and rejected in the afternoon. A 61.8% retracement is at 0.004395, which may serve as a short-term support if bearish momentum continues. Daily retracement levels suggest a possible target for further consolidation around 0.00443–0.00447.
The next 24 hours may see renewed attempts to test the 0.00447 level, but the inability to hold above it suggests caution for longs. A breakdown below 0.00442 could trigger further short-term bearish bias, though the 0.00440–0.00441 range appears solid. Investors should watch for divergence in volume and RSI levels as early signals of reversal.
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