Summary
• Price action showed a late-night breakout above 0.00473, confirmed by bullish engulfing patterns and strong volume.
• RSI reached overbought territory, hinting at potential short-term pullbacks despite positive momentum.
• Bollinger Bands expanded during the peak rally, indicating rising volatility and a key breakout phase.
• Turnover surged to $4162.5k at 18:15 ET, but volume diverged with price as the rally continued.
• Fibonacci retracement levels at 0.00471 and 0.00469 acted as key supports, with 0.00473 as the initial resistance.
Gravity/Tether (GUSDT) opened at 0.00471 on 2026-01-04 12:00 ET, peaked at 0.00476, and closed at 0.00465 by 2026-01-05 12:00 ET. Total volume for the 24-hour period was 12,349,485.0, and notional turnover reached $58,492.9k.
Structure and Key Levels
Price remained within a tight range for much of the day, consolidating between 0.00468 and 0.00473 before breaking out late at night. A bullish engulfing pattern formed at 0.00473, supported by a sharp volume spike. The 0.00471 level acted as a strong intermediate support, while the 0.00469–0.00470 range saw recurring retests.
MACD and RSI Momentum
The MACD turned positive during the overnight rally, with the histogram showing divergence from price in the final hours. RSI climbed into overbought territory, reaching 72, suggesting potential near-term profit-taking or a pullback. However, the sustained volume during the rally supports the case for a continuation.
Bollinger Bands and Volatility
Bollinger Bands widened as volatility increased around 0.00473, with price closing near the upper band. The contraction earlier in the day from 0.00469–0.00471 indicated a period of indecision, followed by breakout confirmation in the latter half.
Volume and Turnover Analysis
Volume surged at key breakout points, particularly in the 21:15–21:45 ET timeframe, with a $10.5 million notional turnover. However, volume began to wane after the high of 0.00476, suggesting possible exhaustion. Turnover peaked at 0.00473 but did not confirm a breakout hold, indicating some short-term uncertainty.
Fibonacci Retracement Levels
Fibonacci levels based on the 0.00463–0.00476 swing revealed key retracement points. The 61.8% retracement at 0.00471 and 38.2% at 0.00473 were critical in shaping intraday behavior.
Price found support at 0.00471 and 0.00469 before closing near 0.00465, suggesting possible retests of 0.00473 in the next 24 hours.
The market appears to be in a consolidation phase after a strong breakout, with momentum favoring a test of 0.00473. A close above that level could signal a broader uptrend. However, traders should remain cautious of short-term overbought conditions and watch for volume confirmation during the next rally.
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