Market Overview for Gravity/Tether (GUSDT) as of 2026-01-07

Summary
• Gravity/Tether (GUSDT) surged above 0.00491 after a sharp 5.5% rebound from early morning support.
• High-volume buying emerged between 05:00 and 12:00 ET, coinciding with a bullish breakout above a descending channel.
• Momentum picked up midday, with RSI briefly exceeding 60 and Bollinger Bands showing increased volatility.
• A large 5-minute bullish engulfing pattern formed at 06:00 ET, signaling a potential short-term reversal.
• Turnover spiked to $741,350 at 12:00 ET, confirming the breakout and raising near-term bullish expectations.

Gravity/Tether (GUSDT) opened at 0.00475 on 2026-01-06 at 12:00 ET, reaching a high of 0.00581 and a low of 0.00468, closing at 0.00536 on 2026-01-07 at 12:00 ET. Total volume was 245,400,190, and turnover was $1,365,787.74.

Structure & Candlestick Patterns

A clear descending channel was identified from 0.00486 to 0.00528, with price breaking above it at 05:00 ET. A large bullish engulfing pattern formed at 06:00 ET, indicating strong buyer control. A 5-minute doji at 03:45 ET showed indecision before the subsequent rally.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were both crossed above by 05:00 ET, confirming a short-term uptrend. On the daily timeframe, the 50-period moving average is near 0.00486, suggesting potential support in the next 24 hours if the rally fails to sustain.

Momentum Indicators

The RSI rose to 60.3 at 12:00 ET, signaling moderate momentum but not yet overbought territory. The MACD crossed above its signal line at 05:00 ET, with a growing histogram suggesting increasing bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands widened significantly during the 05:00–12:00 ET window, reflecting heightened volatility. Price closed near the upper band, suggesting strength but also a potential correction if the trend fails to extend further.

Volume and Turnover

Volume spiked sharply after 05:00 ET, reaching 166.7 million at 12:30 ET, with turnover surging to $907,810. This aligned with price action, confirming the breakout. No significant divergence was observed between volume and price, suggesting strong institutional or retail participation.

Fibonacci Retracements

A key 61.8% retracement level at 0.00505 was cleared with ease during the 09:00–10:00 ET rally. The next Fibonacci level of interest is at 0.00532 (78.6%), which may act as resistance in the next 24 hours if bulls maintain control.

Gravity/Tether (GUSDT) appears to be consolidating above key resistance, supported by strong volume and confirmed by bullish momentum indicators. A test of the 0.00532–0.00540 range is likely. Investors should be cautious of a pullback to 0.00515–0.00505 in the next 24 hours if bearish momentum reemerges.