Market Overview for Gravity/Tether (GUSDT) as of 2026-01-17

Summary
• Price action shows bearish dominance with a key low at 0.00483 and subsequent consolidation.
• Momentum indicators signal weakening downward thrust, with RSI hovering near oversold thresholds.
• Volatility expanded overnight, with volume surging near 2.8 million, confirming bearish continuation.
• A potential bullish reversal pattern forms around 0.00488, but needs follow-through.
• Bollinger Bands constrict after morning lows, suggesting a possible breakout setup.

24-Hour Price and Volume Performance

Gravity/Tether (GUSDT) opened at 0.00492 on 2026-01-16 at 12:00 ET, reached a high of 0.00494 and a low of 0.00483, and closed at 0.00484 as of 12:00 ET on 2026-01-17. Total volume across the 24-hour window was 13,928,170.0, with a notional turnover of $67,915.05.

Structure and Key Levels

The price tested and consolidated below the 0.00488 psychological level before finding temporary support at 0.00483. A small bullish engulfing pattern formed near 0.00488 in the afternoon, which could signal a near-term reversal if buyers step in. Resistance appears clustered at 0.00491–0.00493, while Fibonacci retracement levels at 0.00486 (38.2%) and 0.00489 (61.8%) suggest potential pivot points for the next 24 hours.

Momentum and Volatility

The RSI for the 5-minute chart dipped into oversold territory (around 28–30) after the morning lows, indicating potential exhaustion in the bearish move. MACD lines show a narrowing histogram and a near-zero crossover, reflecting flattening momentum. Bollinger Bands have widened since the early morning lows, with prices currently hovering near the lower band, which could imply a setup for a mean reversion or a breakout above 0.00488.

Volume and Turnover Analysis

Volume spiked sharply during the overnight hours, reaching a 5-minute high of 2.8 million around 02:30 ET, coinciding with the 0.00484 close. Turnover also increased significantly during this period, confirming the bearish bias. However, recent volume has declined while price remains near the 0.00484 level, suggesting a potential consolidation phase.

Forward Outlook and Risk Consideration

A breakout above 0.00488 could signal a short-term reversal and test key resistance at 0.00491. However, bearish momentum remains intact, and a retest of the 0.00483 level is likely. Traders should be cautious of low-volume traps and the risk of a continuation of bearish pressure if no strong follow-through occurs after the current consolidation.